On Thu, Jul 27, 2023 at 10:42 AM Pete Kelly <[email protected]> wrote:
>
> Hi all, new Ledger user, and I'm handling the estate of a family member. To 
> pay some of the bills I'm advancing the estate money from my own account. I'd 
> like to keep track of each advance, but I'm not sure how to assign these 
> transactions to the correct accounts. I've been using 'Estate' and 'Advance' 
> to keep track.
>
> Here's an example of a transfer from one account to another:
>
> 2023-07-27 Transfer
> Assets:Estate:Checking:MyBank $100  ; receiving account
> Assets:Checking:MyBank
>
> Here's a purchase:
>
> 2023-07-27 Eversource
> Expenses:Advance:Estate:Utilities:Electricity. $75.00
> Assets:Checking:MyBank
>
> Can anybody suggest how to do this correctly? Maybe I should use tags instead?
>


Dunno about "doing this correctly" - - - - but I use credit accounts.

I buy some fuel for agency Y.
They issue a statement the following month payable that month.
I use a credit account to "pay' for the purchase before I know how much its
going to be.
When I make my payment the payee is the agency and the credit account
is reduced by that amount.

Its all in the matter of having enough listed 'accounts'.

I have been using this idea long before I even had a computer to use - - -
think early 80s.

HTH

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