On Thu, Dec 22, 2022 at 2:25 PM Jay Tindlebaum <[email protected]> wrote: > > 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 > Hmmmmm - - - with the above you now crossed into a different kind of territory.
Ledgers are for keeping track of financial data. They really don't care how you use them. (!!) Double entry is nice in that its self checking. The issue becomes when there is any kind of audit or challenge. Friends paying part of the rent - - - that's one thing. But when you're buying (I think the term is) fungible assets (you know the things of 'value' (whatever that is!)) - - - - well then things must change. If the husband and wife decide to jointly have a securities account - - - great - - - and then it doesn't really matter who bought what part of what (until that nasty messy D thing comes along!). When cohabiting persons do the same - - - - well - legally something different than two individuals living together happens (in Canuckistan it takes IIRC one year) - - - after which assets are viewed differently by the courts if things ever get to such. My caution is so that your ledger does not depict something that doesn't exist. I would be careful to label an account as shared expenses - - - with sub headings for all items needed. Then you are documenting accurately what is. (In case you think I'm over reacting - - - - was in business together with my Mom for over 15 years. I thought I had protected myself with various documents. Someone else took my mom to an attorney who proceeded to issue a lot of other documents even though my mom was in that never never land between being fully responsible and being incapable of managing her own affairs. Someone else was given the authority to manage everything. Almost all of my assets that I hadn't removed previous to that point - - - - well - - - - someone else gave them away. Sorta an expensive lesson - - - - so be careful out there.) HTH -- --- 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/CAPpdf5-YQ-7dqyX7mjucgymRZ%3D%2Bgw6Ur9NhSS4oWjTRCo8xWAA%40mail.gmail.com.
