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#3
11-15-2004, 03:14 PM
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 Re: Donation accounting "Bryan" <bryan_desilva_remove_spm[at]yahoo.com> wrote in message news:uYmdnUCZL425NwrcRVn-gg[at]comcast.com... - quote - > Thanks. I just looked at the home inventory for the first time. It should
Sounds rather like Quicken, their home inventory is a stand alone program> be able to come from there don't you think? However, HI doesn't seem to > link well into Money. No asset account for it. Nothing to link > sales/donations/purchases one makes to it. Bummer. > I think I'll ask about it also. with a link on a menu in Quicken. |
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#2
11-14-2004, 05:55 PM
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| Re: Donation accounting Thanks. I just looked at the home inventory for the first time. It should be able to come from there don't you think? However, HI doesn't seem to link well into Money. No asset account for it. Nothing to link sales/donations/purchases one makes to it. Bummer. I think I'll ask about it also. "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:u5ATAgnyEHA.2540[at]TK2MSFTNGP09.phx.gbl... - quote - > I'd just split the transaction into two elements, the first exactly as you > have been doing and then add another split element that exactly offsets > the expense with some income, category unassigned or something else, and a > memo noting that this is exactly why you are doing this. Ideally, you > would enter this in an asset account and use it to reduce the value of > your assets. I don't think any of us track clothing or whatever in asset > accounts. So, what I propose is a reasonable workaround. > "Bryan" <bryan_desilva_remove_spm[at]yahoo.com> wrote in message > news:IrudncVNvPV9AQrcRVn-rg[at]comcast.com... > > If I donate $200 in clothing, toys, etc to an institution, how do I > > account for it in money? In the past I've just used the cash account, but > > then it's always wrong. I want to increase my donation amount (expense) > > and decrease nothing. Any ideas? |
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#1
11-14-2004, 05:34 PM
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| Re: Donation accounting I meant to note that the two entries in the split make it add up to a $0 transaction. That's the point. The $0 transaction will not effect the balance of he account it is entered in; exactly what you were looking for. "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:u5ATAgnyEHA.2540[at]TK2MSFTNGP09.phx.gbl... - quote - > I'd just split the transaction into two elements, the first exactly as you > have been doing and then add another split element that exactly offsets > the expense with some income, category unassigned or something else, and a > memo noting that this is exactly why you are doing this. Ideally, you > would enter this in an asset account and use it to reduce the value of > your assets. I don't think any of us track clothing or whatever in asset > accounts. So, what I propose is a reasonable workaround. > "Bryan" <bryan_desilva_remove_spm[at]yahoo.com> wrote in message > news:IrudncVNvPV9AQrcRVn-rg[at]comcast.com... > > If I donate $200 in clothing, toys, etc to an institution, how do I > > account for it in money? In the past I've just used the cash account, but > > then it's always wrong. I want to increase my donation amount (expense) > > and decrease nothing. Any ideas? |
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11-14-2004, 05:30 PM
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| Re: Donation accounting I'd just split the transaction into two elements, the first exactly as you have been doing and then add another split element that exactly offsets the expense with some income, category unassigned or something else, and a memo noting that this is exactly why you are doing this. Ideally, you would enter this in an asset account and use it to reduce the value of your assets. I don't think any of us track clothing or whatever in asset accounts. So, what I propose is a reasonable workaround. "Bryan" <bryan_desilva_remove_spm[at]yahoo.com> wrote in message news:IrudncVNvPV9AQrcRVn-rg[at]comcast.com... - quote - > If I donate $200 in clothing, toys, etc to an institution, how do I > account for it in money? In the past I've just used the cash account, but > then it's always wrong. I want to increase my donation amount (expense) > and decrease nothing. Any ideas? |
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#-1
11-14-2004, 04:58 PM
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| Donation accounting If I donate $200 in clothing, toys, etc to an institution, how do I account for it in money? In the past I've just used the cash account, but then it's always wrong. I want to increase my donation amount (expense) and decrease nothing. Any ideas? |
| Tags |
| accounting, donation |
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