I see now. Thanks for the answer! On Wed, 30 Aug 2023, 03:12 Martin Michlmayr, <[email protected]> wrote:
> * Lazar Slavkovic-Raco <[email protected]> [2023-08-29 12:51]: > > I am new to the plain-text accounting and after some buildup of the > > transactions I stumbled on the problem of adding new account for > > Liabilities. When I am creating new transaction where I created new > > Liability, to which counter account should be tied to? My first > > initial thoughts of this would be to my assets but I want to hear > > from you. > > Initially, it would typically be an expense; assets is only involved > when you eventually pay off the liability. > > For example: you buy some stuff (e.g. computer, raw materials, etc) > but can pay 30 days later. You now have: > > - And expense. But you didn't pay with cash (an asset) but instead > you owe the amount (a liability) > - Later you pay the debt (liability) with cash or bank transfer (assets) > > In ledger: > > 2022-08-30 * Buy stuff > Expenses:Stuff 1000.00 USD > Liability:Payable -1000.00 USD > > 2022-09-30 * Pay for stuff > Liability:Payable 1000.00 USD > Assets:Bank -1000.00 USD > > Now there's no Liability:Payable anymore, your bank account is lower > and your expenses higher. > > (Obviously Expenses:Stuff is a really bad account name; for example > Expenses:Electronics might be good if you buy a computer). > > -- > Martin Michlmayr > https://www.cyrius.com/ > > -- > > --- > You received this message because you are subscribed to a topic in the > Google Groups "Ledger" group. > To unsubscribe from this topic, visit > https://groups.google.com/d/topic/ledger-cli/3Kav3AOz9k0/unsubscribe. > To unsubscribe from this group and all its topics, send an email to > [email protected]. > To view this discussion on the web visit > https://groups.google.com/d/msgid/ledger-cli/20230830011241.GA1610916%40jirafa.cyrius.com > . > -- --- 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/CAHhqcJHTWt-9ENUPU5WLoKAEaDoNXoiUNKkL7kPDwPfHRvjP6A%40mail.gmail.com.
