Re: [GNC] Problems organizing accounts to process reimbursement of expenses

Mike, Thanks. I ended up splitting the transaction in my checking account or credit card, with non-tax-deductible 90% going to expenses:house:utilities, and the tax deductible 10% going to assets:debts of company to me. That seems to work, unless I'm missing something. I was able to get rid of

Re: [GNC] Problems organizing accounts to process reimbursement of expenses

On 12/15/2019 5:35 PM, Daffy Duck wrote: Mike, I figured it out with your suggestions, thanks! BTW, sorry if I made it more complicated than you might have expected BUT was assuming that you would want/need to be able to report on what portion of the electric bill that was not going to be

Re: [GNC] Problems organizing accounts to process reimbursement of expenses

Mike, I figured it out with your suggestions, thanks! On Sun, 2019-12-15 at 15:05 -0600, Daffy Duck wrote: > Mike, > Sorry, Just a better explanation on my part: > For instance, the electric bill is paid by credit card, and it is > transferred from expenses:house:utilities:electric, and may be

Re: [GNC] Problems organizing accounts to process reimbursement of expenses

It will depend upon whether you are maintaining separate books for your personal accounts and your business accounts and separate bank accounts. The process Mike described would be appropriate where your books are totally separate, i.e. you and your business are separate legal entities. From your

Re: [GNC] Problems organizing accounts to process reimbursement of expenses

Mike, Sorry, Just a better explanation on my part: For instance, the electric bill is paid by credit card, and it is transferred from expenses:house:utilities:electric, and may be $100 So it takes $100 from credit card and transfers to expenses:house:utilities:electric - I list this account as an

Re: [GNC] Problems organizing accounts to process reimbursement of expenses

Mike, Thanks. If I hadn't learned basic bookkeeping, I wouldn't have been using gnucash without major issues for the last 15+ years. I don't think split is the way to go here, because it's mirrored to an actual transaction(but I could be wrong). For instance, the electric bill is paid for by the

Re: [GNC] Problems organizing accounts to process reimbursement of expenses

Just a periodic reminder about questions like this. We may be able to help you BUT this is not a question about gnucash, not a question "how do I do this in gnucash" but how do I set up these accounts/transactions using ANY method of doing double entry bookkeeping, even the old fashioned way

[GNC] Problems organizing accounts to process reimbursement of expenses

Hello, I'm trying to set up an account scheme that adequately tracks expenses that the business reimburses me for due to using a home office. This is separate from using a business credit card, because only a portion is reimbursable. The relevant accounts in my personal book are: Checking