Another method to handle this situation is to open a running liability account in your name under the estate's books and record the transactions there. This approach will be beneficial even after the estate is established, especially in situations where you have paid for services or used your credit card on behalf of the estate. By doing so, you can avoid the need to create multiple loan accounts while maintaining a clear record of expenses. This method ensures that you have a streamlined and efficient way to manage reimbursements, making the process more convenient and organized.
Saludos Cordiales Murugan ________________________________ From: gnucash-user <[email protected]> on behalf of Steve Butler <[email protected]> Sent: 03 February 2026 14:05 To: Maf. King <[email protected]> Cc: GnuCash Users <[email protected]> Subject: Re: [GNC] Executor for Estate - how would you classify money spent before estate is funded? On Tue, Feb 3, 2026, 07:23 Maf. King <[email protected]> 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. > Or treat the estate as a business. Turn in an expense report and get reimbursed. > _______________________________________________ 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.
