I think you need four accounts? Asset:Me Asset:Jim Expense:Me Expense:Jim
Transactions; Asset:Me -> (dec) $10 -> Expense:Jim (inc) $10 (bal) $10 Asset:Me -> (dec) $15 -> Expense:Jim (inc) $10 (bal) $25 Asset:Jim -> (dec) $5 -> Expense:Me (inc) $5 (bal) $5 Jim's expenses == $25 Me's expenses == $5 Jim owes me $20 ? ~mark petryk ~w:http://www.lorimarksolutions.com ~h:KG5OBY ~q:might as well... it's not getting any cheaper On 7/24/23 10:53, Chris Green wrote:
Is there a 'right' way to handle an account which gets payments in two directions? E.g. I have good relations with a friend and we often buy things for each other and settle up at the end of the month. Sometimes I owe the friend some money, other times the friend owes me some money but it's very definitely one account and one wants to see all the payments in one place. I guess one can just say it's an 'Expense' account and make payments in either direction as required, is this the only way or is there a special name for such an account?
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