This is more a general accounting question than it is a Ledger question, per se, but it potentially uses ledger specific features like virtual accounts.
How can I account for projected major maintenance that results from machine use? Every hour of machine operation builds up a liability for an eventual overhaul. Once the machine is overhauled, this liability needs to be zeroed out. How is this accounted for in a double entry system? At any given point in time I'd like to be able to see how much I should have set aside for the upcoming overhaul of the machine so I can check if I have the assets available. The other thing I'd like to keep track of is the eventual difference between projected and actual overhaul costs. Knowing this I know whether to bump up or down the per hour liability. Here are the basic transactions. How can they be extended to keep track of the money I need to have set aside for maintenance? Let's assume the machine needs to be overhauled every 100 hours of use and the projected overhaul cost is currently $1,000. 2013/04/05 Use the machine Expenses:Machine:Used 1 hour Assets:Fixed:Machine 2013/04/07 Repair the machine Expenses:Machine:Maintenance $1,234.56 Assets:Current:Checking -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
