Hi,
I'm starting to use beancount for my small business and I have some
questions. Reading the beancount docs only got me so far, so I would like
to hear whether I'm heading in the right direction.
Suppose I send an invoice to a client for a service I delivered to Customer
X, I guess I would post it like this:
2023-03-2 * Invoice 2023_1 Things I did for you ^invoice_2023_1
Liabilities:Customers:X 1000.00 EUR
Income:Invoices -800.00 EUR
Liabilities:Tax:VAT -200
20% VAT is included in the invoice.
I'm struggling a bit here with the Assets vs. Liabilities and the signs
here, should the customer account be an asset or a liability?
And then, when I receive the money from the customer I guess I would do:
2023-04-02 * Payment for invoice 2023_1 ^invoice_2023_1
Liabilities:Customers:X -1000.00 EUR
Assets:Current 800
Assets:Current:VATReserve 200
I like to reserve the money for the taxes in a subaccount, does that make
sense? Is there a better way to do that with beancount?
TIA
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