I'm new to GC, longtime Quicken user. This is a double-entry accounting
question rather than a GC question-hope that's okay in this mailing list. I
made a purchase for a gift w credit card and used expenses:gifts to balance.
Afterwards, a friend wanted to help with the gift and so paid me half with
cash. I think I should deposit that cash into assets:wallet and balance with
expenses:gift. But isnt the cash from my friend income? Does this sound right
to you? Now imagine my friend had offered ahead of time to help pay for the
gift, but didn't immediately have the cash. I think I could record the
transactions as above or set up a "loan" account to track the "loan". IOW split
liability:creditcard -> expense:gifts + liability:creditcard -> loan; then when
he pays me back, loan -> asset:wallet.Thanks for your time,Keith
_______________________________________________
gnucash-user mailing list
gnucash-user@gnucash.org
https://lists.gnucash.org/mailman/listinfo/gnucash-user
-----
Please remember to CC this list on all your replies.
You can do this by using Reply-To-List or Reply-All.
