On Wed, Dec 30, 2015 at 7:32 AM, Vikas Rawal <[email protected]> wrote: >> >>> I am confused about how to record the following kind of transaction in >>> accounts of a non-profit organisation. >>> >>> In a project, certain services provided by the organisation are charged to >>> a project. There is no equivalent payment to anyone. The services are >>> provided by staff of the organisation, or are done using assets owned by >>> the organisation (say a printer). We create a debit note that charges the >>> project at an agreed rate for each service. The amount charged is retained >>> by the organisation. >>> >>> How would I handle this in ledger? >> >> Not a ledger expert here (by any kind of thinking) just a user! >> >> How did you handle it before Ledger? >> > > Never did accounts before I started using ledger ;)
You may wish to read up on double entry accounting (recordkeeping). That is what is behind all good high-quality accounting. > >> I would have an account setup (using all the detail you feel you need) >> and then just credit and debit that account (this could be some kind >> of general or specific sub account - - - its all up to you!). >> > > The grant from the funding agency shows up like this > > 2015/08/19 Funding Agency > ; Narration: 50 per cent of the grant for the Project > Assets:Our Bank:Savings account Rs 200000 > Income:Project:Agency:Bank transfer > > Now, how do I charge the project for printing of 1000 pages @Rs 3 per page? Create an account for project expenses. Create a sub account for documentation expenses Charge the fee to a specific project (which for me would be a project sub account). I work as much as 8 to 10 levels of expenses deep. Most people find that overkill but I get to log everything in its own slot and I can tell you exactly what I am spending my money on. Dee -- --- 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/d/optout.
