Thank you Ismael and Yuri for your feedback. @Ismael, that "reimbursments bucket" is a liability type account, right?
How about the following scenario: I received (from my wife) a bank transfer to be redirected (invested) in a fund? (Receiving bank account is just an intermediary account.) Here's the flow of the money in plain English: 1. money is transfered from wife's checking bank account to investing bank account 2. money is transfered from investing bank account to the fund investment Thank you. On Thursday, December 22, 2022 at 7:38:04 PM UTC [email protected] wrote: > On Fri, 23 Dec 2022 at 01:53, Jay Tindlebaum <[email protected]> wrote: > > > What's the correct way to handle a bank transfer received for the > purpose of paying a shared expense? > > If you paid for the shared expense earlier, your friend owes you > money. It’s an asset. > > 2022-12-01 Shared expense > Expenses 20 USD ;; your share > Assets:Receivable:Friend 20 USD ;; friend’s share > Assets:Bank account -40 USD ;; you paid > > Later, your friend pays off: > > 2022-12-02 Bank transfer > Assets:Bank account 20 USD > Assets:Receivable:Friend -20 USD > > > If your friend paid earlier, you owe them money and it’s a liability. > > 2022-12-01 Shared expense > Expenses 20 USD ;; your share > Liabilities:Payable:Friend -20 USD > > Later, you pay off: > > 2022-12-02 Bank transfer > Liabilities:Payable:Friend 20 USD > Assets:Bank account -20 USD > > > If your friend pays you in advance, you owe them money: > > 2022-12-01 Bank transfer > Assets:Bank account 20 USD > Liabilities:Payable:Friend -20 USD > > Then you pay for the shared expense and your debt is fulfilled: > > 2022-12-02 Shared expense > Expenses 20 USD ;; your share > Liabilities:Payable:Friend 20 USD ;; their share > Assets:Bank account -40 USD > > > The fourth case where you pay your friend in advance and they pay for > the shared expense later is left as an exercise for the reader. > -- --- 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]. To view this discussion on the web visit https://groups.google.com/d/msgid/ledger-cli/0d48df09-694b-437b-b718-52519005b538n%40googlegroups.com.
