Noob Question

Rudi rudi at informationobject.com
Tue Apr 15 09:44:47 EDT 2008


Hi,

I've started using GnuCash and this is the first time I have
ever really used any personal finance manager.

So far it is outstanding and I've worked my way
through the docs and have things working very well.

I do have a basic accounting question I'd like to post.

I've recored a transaction for a new digital camera.

Cash from my 'Asset' bank a/c goes into the 'Expense'
account ( I selected 'Computer' as it's digital hardware ).

That all work's great and the cash transaction is recorded
fine. My question is regarding my new physical asset.

The item, a digital camera, where would I record this new asset?

The cash flow has been recorded in GnuCash from my
Asset:Bank Account to my Expenses:Computer but the actual
physical item, the camera, is an asset now too.

Things like this new asset should be recorded elsewhere
or in other 'Inventory' type software?

Apologies if this is off topic but I'm just not sure where
to record the value of the physical 'Asset' items I posses.

Any advise much appreciated.

Thanks.
Kind regards,
Rudi.



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