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| jelkner | hello dcammue | 19:08 |
| jelkner | my humble apologies for being late | 19:08 |
| dcammue | Yeah | 19:08 |
| jelkner | i have two students here who are going to work on the SECOSOL Gnucash books | 19:09 |
| dcammue | I been here since | 19:09 |
| jelkner | they aren't in irc | 19:09 |
| jelkner | since? | 19:09 |
| dcammue | Yeap | 19:09 |
| dcammue | 18:00 | 19:09 |
| jelkner | what time is it now? | 19:09 |
| dcammue | 19:09 | 19:09 |
| dcammue | Anyway, is not problem | 19:10 |
| dcammue | Let forcus | 19:10 |
| jelkner | +1 | 19:11 |
| jelkner | thanks dcammue | 19:11 |
| jelkner | i'm trying to figure this out | 19:11 |
| dcammue | How do I interact with those students? | 19:12 |
| jelkner | For now, dcammue | 19:12 |
| jelkner | i think we should wait | 19:12 |
| jelkner | i was just talking to them | 19:12 |
| jelkner | if i try to teach them how to use irc now | 19:12 |
| jelkner | it will really slow us down | 19:12 |
| dcammue | +1 | 19:12 |
| jelkner | but i just told them that they are doing what you and svaye are doing | 19:12 |
| jelkner | we will have a crazy week next week with snow | 19:13 |
| dcammue | Wow | 19:13 |
| jelkner | but once things settle down, we will get them here in this channel | 19:13 |
| jelkner | and you can virtually meet them that way | 19:13 |
| dcammue | Okay | 19:14 |
| jelkner | so, where is svaye? | 19:14 |
| jelkner | i just gave Molly and Madi the pdfs of the SECOSOL bank statements | 19:14 |
| dcammue | I have no idea now, less i call her | 19:14 |
| jelkner | you tell me what you want to do | 19:15 |
| jelkner | i need to get the transactions into Gnucash | 19:15 |
| jelkner | and begin to learn to set up the chart of accounts so i can do that | 19:15 |
| dcammue | Okay | 19:15 |
| jelkner | take a look at this, dcammue:https://ict.gracehopper.center/f25/courses/entrepreneurship/goals/week19.html | 19:16 |
| jelkner | let me know when you got to read through it | 19:18 |
| jelkner | i don't mean follow all the links | 19:18 |
| jelkner | i just mean get an idea where i'm going | 19:19 |
| dcammue | We is great | 19:20 |
| dcammue | I will look deeper into it after the meeting | 19:20 |
| jelkner | Molly and Madi are very bright students | 19:21 |
| jelkner | so they will be a big help | 19:21 |
| jelkner | this is all new to me | 19:21 |
| jelkner | and i need to learn it! | 19:21 |
| jelkner | along with you | 19:21 |
| dcammue | So, i can be a help setting up the gnucash books for secosol if needed | 19:21 |
| jelkner | yes, our end product will be SECOSOL.gnucash | 19:22 |
| jelkner | Madi and Molly are working on that too | 19:22 |
| jelkner | then we can compare | 19:22 |
| jelkner | here's what i know so far: | 19:22 |
| jelkner | 1. The top level accounts won't change | 19:22 |
| jelkner | Assests + Expenses = Liabilities + Equity + Income | 19:23 |
| jelkner | is that right? | 19:23 |
| dcammue | +1 | 19:23 |
| dcammue | Meaning you put all debit accounts aside and credit aside | 19:24 |
| jelkner | +1 | 19:24 |
| dcammue | Got you | 19:24 |
| dcammue | That's all you know off? | 19:25 |
| dcammue | Anyway, my greeting to Madi and Molly | 19:26 |
| dcammue | And my pleasure meeting them | 19:28 |
| jelkner | sorry dcammue | 19:39 |
| jelkner | i got distracted again talking to Molly and Madi | 19:39 |
| jelkner | i showed them the Jetro website | 19:39 |
| jelkner | they said hi, btw | 19:40 |
| jelkner | and wanted to know more about you | 19:40 |
| jelkner | so i showed them your picture on the Jetro site | 19:40 |
| jelkner | and told the a bit about the history of your coop | 19:40 |
| jelkner | they both have mr. zawolo as their math teacher ;-) | 19:41 |
| jelkner | so soon you will be able to tell him you know them | 19:41 |
| jelkner | ok, i won't keep you any longer | 19:42 |
| jelkner | are you still here, dcammue? | 19:42 |
| dcammue | +1 | 19:42 |
| jelkner | so the big challenge dcammue is figuring out the chart of accounts for SECOSOL | 19:44 |
| jelkner | nonprofits don't have sales | 19:44 |
| jelkner | they have grants | 19:44 |
| jelkner | and fundraising | 19:45 |
| jelkner | we didn't do any fundraising last year | 19:45 |
| jelkner | so all our income is grants | 19:45 |
| dcammue | We are not going to put sales accounts. Nonprofits is a service organization | 19:46 |
| jelkner | +1 | 19:46 |
| jelkner | we have been starting with the 5 top level accounts | 19:46 |
| dcammue | Not buy and sell company | 19:46 |
| jelkner | exactly | 19:46 |
| dcammue | Perfect | 19:46 |
| jelkner | our approach is to only add new sub accounts when a transaction requires it | 19:47 |
| jelkner | so we'll start with only the 5 top level accounts | 19:47 |
| dcammue | Yes | 19:47 |
| dcammue | But assets, exspense, revenue, and equity will have some sub account for now | 19:49 |
| jelkner | we are here talking about how to start | 19:50 |
| jelkner | i sent dec 2024 | 19:50 |
| jelkner | but we don't really need it | 19:50 |
| dcammue | Assets---current assets----both saving and checking accounts | 19:50 |
| jelkner | we need to set up the beginning balance sheet jan 1, 2025 | 19:50 |
| jelkner | Nice! | 19:51 |
| dcammue | Yes, you can not start with 2024 dec | 19:51 |
| jelkner | but what balances those two accounts? | 19:51 |
| jelkner | what is the name of the equity account that balances the assets? | 19:51 |
| dcammue | Just vring the balances from dec 2024 forward to jan 2025 as opening balances | 19:52 |
| dcammue | Opening balance | 19:52 |
| dcammue | Under top-level account equity | 19:52 |
| jelkner | i still have to wrap my head around "opening balance" as an account name | 19:54 |
| dcammue | And if time goes by, jeff has made any investment, and we can add an investment account | 19:54 |
| jelkner | interesting | 19:55 |
| jelkner | SECOSOL could give low interest loans to help start co-ops | 19:56 |
| jelkner | would that be an investment? | 19:56 |
| jelkner | time to go dcammue | 19:57 |
| jelkner | talk soon | 19:57 |
| jelkner | ACTION signs off | 19:57 |
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