You could do liability accounts for each utility bill but I like the concept of 'kitty funds' which gives you/them a real-time view of monies owed by whom.
*You pay the full $30 bill from your bank, but only $10 is your share* Asset:Bank -$30 Expense:Utilities $10 Asset:Alice $10 Asset:Bob $10 *The $10 are your assets because you are owed $10 from each, and they can discharge their debt anytime* Asset:Alice -$10 Asset:Bank $10 Her balance is now $0 *Another day you buy $30 groceries but Bob asks you to buy $10 item on her behalf* Expense:Groceries $30 Asset:Bob $10 Asset:Bank -$40 Bob's balance is now $20. (He owes you) On 13 January 2018 at 11:15, gn00b <leo57ye...@hotmail.com> wrote: > So my roommates and I split utilities cost and every month they remit to me > the required amount and I then remit all of those smaller payments to our > utilities company. What's the best way to set up the accounts/transactions > so I only have an expense of what I owe. > > Example: > > Utilities bill is $30 > > Roommate A: $10 > Roommate B: $10 > Me: $10 > > I collect $10 from A and B and remit $30 to the utilities company. > > > > -- > Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
