Liability accounts are not overkill for household finances. Sorry to hear about the scam! However, if you have a credit card you will enter a liability account for the card - one for each credit card. Liability basically means - what you owe someone.
Given a credit card, you will reconcile that statement to the bank statements when you make a payment. HTH po On Fri, Jan 17, 2025 at 3:10 PM Griffin <[email protected]> wrote: > I am using Gnucash for my home accounts. I won't be trading for the > foreseeable future as all my retirement money was stolen in a scam. > > Do I need to use liability accounts for any of my home accounting accounts? > > If I understand correctly, liabilities are usually, outside of trading > purposes, just for companies to track long-term expenses. > > Do I not need to use them, or would I use them for contracted expenses, > like rent, utilities, etc. > > Or are they just overkill for home accounting. > _______________________________________________ > 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. > _______________________________________________ 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.
