On Thu, 31 Dec 2009, Michael Richardson wrote: > 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
Which I presume to be a different account then the account of the same name referenced above--this one being an expense account with ap_amount checked, whereas the other is an asset (not liability?) account set as ap_paid? If they are the same account, the program will not let you choose ap_amount and ap_paid at the same time, which makes sense given that one is for record accounts and the other is for cash accounts. > "Accounts Payable" +$10 > > "Checquing Account" -$10 > "Accounts Payable" -$10 Apologies for being thick. I'm a programmer, not an accountant.:( Luke ------------------------------------------------------------------------------ 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
