markus
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76 votes
Gnucash currently provides Experimental Balance and Income Statement (= Profit & Loss) reports that support displaying multiple columns.
They are still experimental because of some glitches with price calculations case of multi-currency or stock market scenarios. If you don’t have those, the experimental reports probably will give you what you need.
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commented
this calls for a fixed asset management system.
It would be great indeed if GnuCash could support accrual "and" cash accounting. It has nothing to do with the chart of accounts. Basically, when the cash is received for a sale, it is recorded in the accounting books as a sale. This is in contrast with accrual accounting, where revenue and expenses are recorded when they are incurred.
Today in GnuCash, if one enters an invoices or a bill it gets registered - after posting - in the A/R or A/P account and the appropriate income/expense account. Payments go against the A/R resp. A/P account. In cash environment the A/R and A/P accounts don't get touched. The problem is if I wanna use the reminder function for invoices/bills I need to post theme and therefore I am automatically in the accrual way of accounting. So the solution I guess lies in the handling of the invoice and bill function.