On Sat, 31 Dec 2022 at 07:43, Adrien Monteleone < [email protected]> wrote:
> > >> I would only use them for cases where you are billed (incurred the > >> expense) before you pay, not at the same time. > >> > > > > Why is that? > > Because that is the purpose of Accounts Payable. It helps you keep track > of short term liabilities. > > If you pay for something at the point of sale, there is no liability > incurred. > > > I seem to have something that works for me, so I guess it’s okay. But > > perhaps I am doing an excessive number of mouse clicks. > > By all means, do what works for you. When I first started, I was > treating almost everyone as a Vendor and quickly figured out, most of > them were unnecessary. > > As noted above, I now only raise bills for entities I really receive a > bill from that isn't paid immediately, or that I don't need to otherwise > track in such fashion. But that's just me. > > > Regards, > Adrien You made me rethink my strategy. I decided to start the accounts from scratch, only using vendors where I have a trade account. My main reason was for thinking it’s going to be far more work for my and to track money moving around unnecessary accounts. I would like a pound for every time that I wave started entering transactions into GnuCash, then later starting again. But one might as well start in the best way, and be consistent. Dave -- Dr. David Kirkby, Kirkby Microwave Ltd, [email protected] https://www.kirkbymicrowave.co.uk/ Telephone 01621-680100./ +44 1621 680100 Registered in England & Wales, company number 08914892. Registered office: Stokes Hall Lodge, Burnham Rd, Althorne, Chelmsford, Essex, CM3 6DT, United Kingdom _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: 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.
