One template for creating a shared project is described here:
https://docs.google.com/document/d/1FRcJqUfeAMQO6KjG94w6rF7VajMGJaFplmF1Wu0rCHY/

Basically, a dedicated ledger is created for the project.
Contributions by each participation is accounted as income postings.
Expenses and Assets are implicitly shared.



On Wed, Jul 1, 2020 at 5:29 PM Tuno Tunante <[email protected]> wrote:

> Hi Anthony,
>
> I don't see any problem. Everything works fine.
> Just, if AK paid something for the lawyer fees, should be
> Expenses:.... +5000 EUR
> if AK put money in a kind of PropertyPrepay go outside the pocket of AK
> so, Equity negative and Assets positive.
>
> If I do the new file:
>
> 2020-05-01 * "Aquisition lawyer AVOCAT"
> Expenses:Unit101:Acquisition:Legal 5000.00 EUR
> Equity:AK
>
> 2020-06-20 * "payment "
> Assets:FR:Unit101:PropertyPrepay +28000.00 EUR
> Equity:AB
>
> 2020-05-19 * "payment"
> Assets:FR:Unit101:PropertyPrepay +20000.00 EUR
> Equity:AK
>
> ; now Equity:AK = -25000 EUR
> ; In Assets:FR:Unit101:PropertyPrepay you have 28000 EUR
> ;
>
> On Wed, Jul 1, 2020 at 11:00 PM Anthony BARKER <[email protected]>
> wrote:
>
>>
>> I am buying a building with a friend AK and can't seem to do the journal
>> entries correctly
>>
>> 2020-05-01 * "Aquisition lawyer AVOCAT"
>>     Expenses:Unit101:Acquisition:Legal             -5000.00 EUR
>>     Equity:AK
>>
>>  2020-06-20 * "payment "
>>     Assets:FR:Unit101:PropertyPrepay              +28000.00 EUR
>>     Equity:AB
>>
>> 2020-05-19 * "payment"
>>     Assets:FR:Unit101:PropertyPrepay               +20000.00 EUR
>>     Equity:AK
>>
>>
>> The Equity for AK looks like he only contributed 15000 not 25000
>>
>> if I make equity positive it balances but there is a huge conversion.
>>
>> Or do i have to double journal - equity to cash and then cash to expense?
>>
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