Re: [GNC] How to make liability payment to be appeared in expenses reports

/(Sorry, my original reply look greet in the preview using HTML format, but odd when posted. Here my re-post with more plain text format)/ Many thanks for your useful reply and it worked if I create it in the split transaction inside the *Checking Account*. However, I tried to reproduce the

Re: [GNC] How to make liability payment to be appeared in expenses reports

Many thanksfor your useful reply and it worked if I create it in the split transaction insidethe *Checking Account*. However, Itry to reproduce the end result using *Business Menu - Customer - NewInvoice...*.  It seems to be not possible. Here how Idid it. 1. Create anew customer invoice, where

Re: [GNC] How to make liability payment to be appeared in expenses reports

When you receive the payment from the customer it is income not an expense or liability but when you receive it, you also create a liability that you will have to pay to the insurance company at some future time. You would record this with a transaction with four splits as follows: Asset:Current

[GNC] How to make liability payment to be appeared in expenses reports

Hi, I have a question on how this transaction should be recorded which involved the liability. At the end of the whole transaction, I want the liability back to Zero, and the whole expenses is reflected in the Expenses report. Here my case where I run a childcare business. Using the business