Alternatively, in the business side, instead of recording the purchase
directly like that you could use the Expense Voucher interface. This
treats you (the "employee") like a "vendor" in AP. It's a little more
work than just entering in the transactions directly but it also provides
you with the
Thank you David. Perfect answer.
Fran3
On Sunday, October 20, 2019, 11:45:00 PM EDT, David Cousens
wrote:
In the personal accounts if you have expended money on items for the business
it creates a Liability for the business and in your personal accounts by
expending money from your ba
In the personal accounts if you have expended money on items for the business
it creates a Liability for the business and in your personal accounts by
expending money from your bank you are creating an asset. You would record
a purchase as follows
Personal
Asset:PersonalBankAccount Cr xx
Given two gnuCash files.. Personal.gnuCash andBusiness.gnuCash
Questions:
1 - When I buy items for the business and pay for them using personal funds...
How do I create an "Expense Report" in Personal.gnuCash so that I can get
reimbursed?
I considered setting up the business as a customer in Pers