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On 2021-12-08 15:49, Dr. David Kirkby wrote: > Liabilities -> Accounts Payable -> Director Loan. It's not a liability to the company. It will become an asset (to the company) when it is paid out, and the asset will be extinguished when the loan is repaid. > as I thought that was the closest thing to allowing money to be moved out > of the company, into my personal bank account. > > When I tried to pay myself using GnuCash, I was expecting money to go out > of the company bank account,into my personal account, and reduce the > company's liability. However when I set up a bill, I could see it was only > possible to bill this as assets or expenses - *not as a liabilitiy*. > Does this mean I need to set up another account for expenses? It means you shouldn't set it up as a bill, because it isn't one. -- Stan Brown Tehachapi, CA, USA https://BrownMath.com _______________________________________________ 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.
