Re: [GNC] How to journal this transaction?
On 12/30/18 11:42 AM, gn00b wrote: Someone owes me $100 (Accounts Receivable). But instead of paying me $100, they pay for an expense of mine worth $100. How would I journal this transaction? At some point you would have booked a transaction to create a short-term receivable asset with a value of $100 and the other side against whatever you used to lend them the money (cash, checking account, credit-card, etc). Let's say you gave cash out of your wallet (also an asset account: Asset:Cash CR $100 Asset:Receivable DR $100 When that person pays your expense (say they pay $100 for your cable bill): Expense:Cable DR $100 Asset:Receivable CR $100 Note: If they also paid interest of $5.00 for the use of that money then the last would become: Expense:Cable DR $105 Asset:Receivable CR $100 Income:Interest CR $5 --Steve -- Stephen M Butler, PMP, PSM stephen.m.butle...@gmail.com kg...@arrl.net 253-350-0166 --- GnuPG Fingerprint: 8A25 9726 D439 758D D846 E5D4 282A 5477 0385 81D8 ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] How to journal this transaction?
I would either enter a simple transaction from a/r to expense or use two transactions , one from a/r to cash and one from cash to expense. David C On Sun, Dec 30, 2018, 1:44 PM gn00b Someone owes me $100 (Accounts Receivable). But instead of paying me $100, > they pay for an expense of mine worth $100. How would I journal this > transaction? > > > > -- > Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html > ___ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > - > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
[GNC] How to journal this transaction?
Someone owes me $100 (Accounts Receivable). But instead of paying me $100, they pay for an expense of mine worth $100. How would I journal this transaction? -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
