On 26/11/12 19:24, David Naylor wrote:
https://bugs.kde.org/show_bug.cgi?id=310731
Bug ID: 310731
Severity: normal
Version: 4.6.3
Priority: NOR
Assignee: kmymoney-devel@kde.org
Summary: KMyMoney does not allow use of Equity accounts (with
"Show Equity Accounts" option checked)
Classification: Unclassified
OS: FreeBSD
Reporter: blackdra...@highveldmail.co.za
Hardware: FreeBSD Ports
Status: UNCONFIRMED
Component: general
Product: kmymoney4
With the option "Show Equity Accounts" option checked it is possible to see and
create equity accounts in the "Accounts" view however those equity accounts do
not appear in the "Ledgers" view and transactions cannot be moved to an equity
account (as the equity account does not appear in the list shown).
Motivation for using an equity account: reserves (such as for clothing
expenditure) can be used to smooth the income and expenses statement for such
items however the corresponding counter (double entry) account is of type
equity.
I would like KMyMoney to handle reserving automatically but currently I'll
happily do it myself and use a liability account as the counter account however
strickly it should be an equity account.
Reproducible: Always
Steps to Reproduce:
1. Enable "Show Equity Acccounts" option
2. Create an equity account in the "Accounts" view
3. Attempt to enter a transaction relating to the created equity account, or
view the account in the "Ledger" view
Actual Results:
The equity account is not visible from ledger and as a category
Expected Results:
The equity account is visible from ledger and as a category
There have been a few topics on the list regarding equity accounts,
partly because the term is used to refer to investments.
However, in accountancy terms, and at least in KMM, there is a different
use.
Here's a couple of extracts from the list which may help to throw some
light. I'm not suggesting you don't know what an equity account is, and
you probably know far more than I, but within KMM.... Anyway, here are
the extracts.
" Sept. 21, 2013, 10:29 a.m
<snip>
Equity accounts in KMM are hidden because it's advanced functionality
and we try to hide the double-entry accounting as much as possible. Keep
in mind that the equity accounts are not assets, or shares in a company,
rather the net worth from opening balances in accounts.
They are hidden in normal mode, and should be hidden."
and
"These opening balances are exactly that, opening balances, and should
not have a payee assigned.
That account is to balance the entry when you start using KMyMoney and
you enter the opening balances for your asset and liability accounts. As
per double-entry accounting, all transactions have to be balanced, and
money can't just pop out of the blue.
eg. you start using KMM on Jan 1, but you already had a bank account by
that date. You create the account and enter the balance on that date. To
balance that transaction, a split is assigned to "Equity/Opening
balances". No payees are involved.
"
Allan
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