>>>>> "Luke" == Luke <[email protected]> writes:
Luke> On Tue, 15 Dec 2009, Michael Richardson wrote:
>> I created a banking account, "Michael Richardson Expenses", and I
>> pay Company B from this account. It goes negative, so I create
>> an AP Transaction that then fills this account, and issue a
>> checque to "Michael Richardson"
Luke> Wouldn't that result in it going even more negative?
Luke> Basically, you're paying two vendors out of the same account.
It looks something like:
PART 1
(AP transaction against, say, "Grand and Toy", attach receipt to printout)
"Office Supplies" (expense account) +$10
"Accounts Payable" +$10
"Michael Richardson expense" (asset account) -$10
"Accounts Payable" -$10
PART 2
(AP transaction against, vendor "Michael Expenses")
"Michael Richardson expense" +$10
"Accounts Payable" +$10
"Checquing Account" -$10
"Accounts Payable" -$10
Of course, I do not do PART 2 every time, but rather only when the
amount is enough to bother.
--
] He who is tired of Weird Al is tired of life! | firewalls [
] Michael Richardson, Sandelman Software Works, Ottawa, ON |net architect[
] [email protected] http://www.sandelman.ottawa.on.ca/ |device driver[
Kyoto Plus: watch the video <http://www.youtube.com/watch?v=kzx1ycLXQSE>
then sign the petition.
------------------------------------------------------------------------------
This SF.Net email is sponsored by the Verizon Developer Community
Take advantage of Verizon's best-in-class app development support
A streamlined, 14 day to market process makes app distribution fast and easy
Join now and get one step closer to millions of Verizon customers
http://p.sf.net/sfu/verizon-dev2dev
_______________________________________________
Ledger-smb-users mailing list
[email protected]
https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
