On Wed, Apr 6, 2011 at 8:43 AM, Eric Abrahamsen <[email protected]>wrote:
> On Wed, Apr 06 2011, Peter Ross wrote: > > > On Wed, Apr 6, 2011 at 10:20 PM, Eric Abrahamsen > > <[email protected]> wrote: > >> On Wed, Apr 06 2011, Michael Norrish wrote: > >> > >>> On 6/04/11 6:24 PM, Eric Abrahamsen wrote: > >>>> I'm getting used to the more complex usages of Ledger, and have a > little > >>>> scenario that I hope someone will help walk me through. I'm running > >>>> Ledger 3. > >>>> > >>>> I have a small company with a few employees, we've just gotten > started. > >>>> I'm a terrible boss -- I was unable to pay salaries for the first > couple > >>>> of months. To make it up I paid part of the salaries out of my own > >>>> personal account. Later our revenue stream kicked in, and I paid > myself > >>>> back for the salaries. > >> > >> [...] > >> > >>> How about > >>> > >>> 2011/01/01: > >>> Expenses:Salaries:Bob 5000 RMB > >>> Liabilities:Deferred Salaries > >>> > >>> 2011/02/01: > >>> Expenses:Salaries:Bob 5000 RMB > >>> Liabilities:Deferred Salaries > >>> > >>> 2011/02/20: > >>> Assets:Bank Account 10000 RMB > >>> Liabilities:Owe Founder > >>> > >>> 2011/02/20: > >>> Liabilities:Deferred Salaries 20000 RMB > >>> Assets:Bank Account > >>> > >>> 2011/03/05: > >>> Assets:Bank Account 20000 HKD > >>> Income:Project1 > >>> > >>> 2011/03/06: > >>> Liabilities:Owe Founder 10000 RMB > >>> Assets:Bank Account -500 HKD > >> > >> Thanks for the quick and helpful answer! I like the usage of > >> Liabilities, that definitely seems right. I guess I was originally > >> wondering if there was something I should be doing with effective dates, > >> because doesn't the above make it look like money is actually changing > >> places on January and February first? Or am I misreading this? > >> > > If I understand correctly > > > > Jan 1 you paid your employees from your personal bank account. > > No, that was part of the problem -- no one got paid anything until > February 20 (they are patient people), at which point I gave them two > months' salary. I did want a solution that somehow both indicated when > they were *supposed* to get paid, and then when they *actually* got > paid. If the repayment to myself could be somehow tied to the actual > payments to them, that would be nice, but I don't see how that would > happen. > Some ideas - - Write it as a deferred spending account 2 levels deep. 1. expense - salaries etc liability - - insufficient funds account (original payment date (what you wanted to do!)) 2. expense - - insufficient funds account liability - - personal account (with date (charge interest or whatever you want and bill fully) 3. expense - personal account liability - salaries As I understand it: You have now noted that you had an obligation at x date. You were unable to pay at that date. You paid from personal funds on a later date. The company repaid you on a 3rd date. IANAA (i am not an accountant) YMMV Darald
