On 1/12/2018 8:48 PM, Christopher Lam wrote:
You could do liability accounts for each utility bill but I like the
concept of 'kitty funds' which gives you/them a real-time view of monies
owed by whom.
I would make the choice (asset accounts or liability accounts) depending
on whether they
You could do liability accounts for each utility bill but I like the
concept of 'kitty funds' which gives you/them a real-time view of monies
owed by whom.
*You pay the full $30 bill from your bank, but only $10 is your share*
Asset:Bank -$30
Expense:Utilities $10
Asset:Alice $10
Asset:Bob $10
On Saturday, 13 January 2018 00:15:07 GMT gn00b wrote:
> So my roommates and I split utilities cost and every month they remit to me
> the required amount and I then remit all of those smaller payments to our
> utilities company. What's the best way to set up the accounts/transactions
> so I only
So my roommates and I split utilities cost and every month they remit to me
the required amount and I then remit all of those smaller payments to our
utilities company. What's the best way to set up the accounts/transactions
so I only have an expense of what I owe.
Example:
Utilities bill is $30
