Hello An accounting question... I am looking for a good way to do this...
1. My company buys an asset from another company for $1000.00. Simple AP transaction would do it I believe. 2. The asset is a deposit account in a third party corporation, which my company has acquired rights to the funds and use of. 3. So the result of that purchase, is that my company now has a deposit account with a third party organization, presumably equal to that same $1000.00. Normally, to get money into and out of that account, I could do a cash transfer from checking, as I would between any other cash accounts. However, how to deal with the original purchase, since instead of just opening the account and transferring into it, I am in effect buying it from a vendor, who is doing (has done, actually) that transfer? Would a simple AR transaction with that vendor as a customer, be sufficient to make it all wash out properly? I could receive payment into that third party deposit account instead of checking. Thanks Luke ------------------------------------------------------------------------------ Download Intel® Parallel Studio Eval Try the new software tools for yourself. Speed compiling, find bugs proactively, and fine-tune applications for parallel performance. See why Intel Parallel Studio got high marks during beta. http://p.sf.net/sfu/intel-sw-dev _______________________________________________ Ledger-smb-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/ledger-smb-users
