Hi, Sorry for your loss!
I too am NOT an accountant, but when setting up my company accounts
using GC, I bought the massive 700+ page "Accounting for Dummies" tome.
Over the past years, I have personally lent the company funds and then
repaid myself later.
Based on A-4-D's suggestion, I now have the following structure:
* Equity:
o Notes (Long-term) << e.g. bank loans
o Notes (Short-term) << e.g. similar to your loans to the estate
o Opening Balance << Initial start capital (also from me)
e.g. You might credit the Short-term, for say, $100 and debit the
estate's checking account.
I personally label the transaction something like "Investor: Chris
Purpose: xxx"
When you repay the loan, you do the opposite, clearing the Notes to
zero. "Repay Investor: yyy"
Works for me, might for you too and would allow you to record multiple
persons contributing to the estate.
Chris
On 03-Feb-2026 16:22, Maf. King wrote:
On Tuesday, 3 February 2026 14:46:42 GMT Bruce Griffis wrote:
This is an accounting "how would you" question, not a technical GnuCash
question.
I am the executor for my mom's estate. There were expenses before the
estate was set up, and as of now - it is still not funded. I paid a few
expenses out of pocket and will need to be reimbursed by the estate. I
covered three months of heat and electric, two months of Verizon and an
electrician. I think as I set it up in GnuCash - the money I spent would
be considered a loan from me to the estate, as I expect to bill the
estate for those expenses.
Is that the correct way to go about this? Set it up as a small, personal
loan from me to the estate, then pay the estate expenses from that loan?
Then at some point once it is funded, pay off the loan to me?
That's how I would do it in the UK (actually, did do it when my wife passed)
- usual caveats about not being an accountant and not knowing your local laws
and practices (and quirks) apply, of course.
Maf.
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