Money I am owed by Joe [i.e., Joe needs to pay me back]:
Assets:Receivable:People:Joe
This amount will normally be positive, as with most assets in plaintext
accounting.
Money I owe to Joe [i.e., I need to pay Joe back]:
Liabilities:Payable:People:Joe
This amount will normally be negative, as with most liabilities in
plaintext accounting.
Record the total expense your friend bore as a comment. Record only what
you owe him/her as part of the actual transaction.
So:
2023-01-12 Joe | Lunch at Cigar Volante ; total: EUR 60.00
Expenses:Leisure:Travel:Food EUR 15.00
Liabilities:Payable:People:Joe EUR -15.00
2023-01-12 Café Nervosa
Expenses:Leisure:Travel:Food EUR 10.00
Assets:Receivable:People:Joe EUR 10.00
Assets:Receivable:People:Nancy EUR 10.00
Assets:Receivable:People:Bob EUR 10.00
Liabilities:Credit-Card:Santander EUR -40.00
On Thursday, 12 January, 2023 at 5:40:04 pm UTC+5:30 [email protected]
wrote:
> Hi Yuri,
>
> I see your point and you are right that using the second entry below would
> be simpler and record the fact that I owe ‘DF’ 3 euros. But using the first
> entry below allow me to also record the total amount of the expense if
> later on we all want to remember how much was the parking. Using only the
> comment would be an alternative too. The only real problem with the first
> entry is the fact that usually liabilities are negative, right? Maybe I
> could find a better name? The ‘Payable:DF’ is to record the moneys that
> ‘DF’ owes to me.
>
>
> 2023/01/07 Hotel Braga Parking
> Expenses:Parking EU 3,00
> Liabilities:DF EU 3,00
> Assets:DF EU -6,00
>
> versus
>
> 2023/01/07 Hotel Braga Parking
> Expenses:Parking EU 3,00 ; total was 6,00
> Liabilities:DF
>
>
>
> > On 11 Jan 2023, at 12:42, Yuri Khan <[email protected]> wrote:
> >
> > 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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