On Wed, 11 Jan 2023 at 19:20, Alexandre Rademaker <[email protected]> wrote:
> Thank you John, I am using your approach (first) with an extra alternative
> when I didn’t pay but any other person pay and I need to record the
> liabilitie (second). Does it make sense?
> 2023/01/02 Sample
> Expenses:Food $30
> Liabilities:Joe $10 ; I need to pay Joe later
> Assets:Joe ; it doesn’t matter for me how Joe payed, just a
> general account
No. If you, Bob, Nancy, and Joe each ate a $10 lunch and Joe paid $40
for it, you owe Joe 10 bucks and that’s it.
2023/01/02 Sample
Expenses:Food $10
Liabilities:Joe $10
Everything else is Joe’s own concern.
Alternatively, if you volunteered to keep track of everyone’s debts,
you can pretend that Bob and Nancy owe you $10 each, and you owe that
+ your share to Joe:
2023/01/02 Sample
Expenses:Food $10
Assets:Bob $10
Assets:Nancy $10
Liabilities:Joe
Just be sure to notice if/when Bob repays his debt to Joe so you can record it:
2023/01/03 Sample
Liabilities:Joe $10
Assets:Bob
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