Thanks guys for the useful info. I've temporarily gone the quick and ugly route by using separate entries while I mess around with getting up to speed with "splits" as it applies to my problem. Cheers
<https://www.avast.com/sig-email?utm_medium=email&utm_source=link&utm_campaign=sig-email&utm_content=webmail> Virus-free. www.avast.com <https://www.avast.com/sig-email?utm_medium=email&utm_source=link&utm_campaign=sig-email&utm_content=webmail> <#DAB4FAD8-2DD7-40BB-A1B8-4E2AA1F9FDF2> On Sun, Nov 22, 2020 at 6:29 PM Edward Bainton <[email protected]> wrote: > If no need for anything official, this is probably moot, but > > I would guess it depends on your jurisdiction. In the UK I understand the > security deposit to be a contingent asset: it's not your property, although > it's in your possession and you may become entitled to it at some future > date. (This also is more or less moot, because it's now mandatory in the UK > to place the deposit with a licensed deposit holder - but that doesn't > change the underlying legal basis afaik.) > > It probably ought to be kept segregated from your other funds therefore, as > it's property held on trust. > > This may affect the accounting treatment? I'd be interested to know - but > only out of interest: it doesn't affect me personally. > > On Sun, 22 Nov 2020 at 10:46, Doug <[email protected]> wrote: > > > Tony, > > I am no Accouintant, but the way I would attack it is to set up a cash > > account for the bond (security deposit), then split the payment into > bond & > > rental (into another account, or as a Draw). > > When the bond is returned, that credits into the bond account, hopefully > > leaving it at zero balance. (hint: the account can then be hidden if you > no > > longer need to see it) > > I also have old ´sleeper´ accounts: a hidden main account zzzz (bit > > obvious: a snooze!) then drop old unused accounts into that main account. > > Keep safe! > > regards, Doug (in sunny, relatively covid free Australia) > > > > > > On Sun, 22 Nov 2020 15:29:36 +0700 > > Tony Vanson <[email protected]> wrote: > > > > > Hi all, > > > Using Windows 10 Home > > > GC 4.2 > > > > > > I anticipate renting a property for 1 month and will pay the rental up > > > front plus a security deposit amount which will be returned at the > finish > > > of the rental period. I am totally in the dark how to approach this. > > > Do I need some kind of split? The rental expense is a straight forward > > > expense, but how do I input the security deposit - I tried it as an > asset > > > but that didn't work and doesn't seem right. Various other things i > tried > > > usually came up with an Imbalance entry. > > > I would really appreciate some guidance on this. > > > Cheers > > > > > > -- > > > *Tony Vanson* > > > > > > *The older I get,* > > > *the better I was* > > > _______________________________________________ > > > gnucash-user mailing list > > > [email protected] > > > To update your subscription preferences or to unsubscribe: > > > https://lists.gnucash.org/mailman/listinfo/gnucash-user > > > If you are using Nabble or Gmane, please see > > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > > > ----- > > > Please remember to CC this list on all your replies. > > > You can do this by using Reply-To-List or Reply-All. > > > > > > -- > > Doug <[email protected]> > > _______________________________________________ > > gnucash-user mailing list > > [email protected] > > To update your subscription preferences or to unsubscribe: > > https://lists.gnucash.org/mailman/listinfo/gnucash-user > > If you are using Nabble or Gmane, please see > > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > > ----- > > 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 > [email protected] > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > -- *Tony Vanson* *The older I get,* *the better I was* _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
