Thank you David,
You do not have to account for the details of other entities (e.g. your members) in accounting for contributions from members, In the eaxample you gave of a member buying something for the community entity and being reimbursed, the purchase by the member on behalf of the community creates a liability for the community and a corresponding expense inthe communities account, so the purchase would be treated as a credit to an appropriate liability account ( could be an accounts payable account) and a debit to the appropriate expense account (or a debit to an asset account if it was a long term asset from which the community would derive future benefits). When the reimbursement is paid to the member, the liability account is debited and the bank account is credited for the amount of the reimbursement.
So at least for the part of expenses sounds pretty straight forward... :-)
It would be wise to get professioanl accounting advice on what is required in your jurisdiction.
In fact, that will be the path I will take. I will try to find people and projects that have the same challenges or at best have already mastered them and look for an accountant who knows requirements of the legislation and can help with the design. I know of at least two similar projects here in Bolivia. Best regards, Sebastian _______________________________________________ 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.
