RE: Outgoing personal loan clarification

2017-11-02 Thread Tony Vanson
: Adrien Monteleone; David T. via gnucash-user Subject: RE: Outgoing personal loan clarification So..which way? On Nov 2, 2017 9:59 AM, "Tony Vanson" wrote: Thanks to everyone. My problem is solved. Cheers Sent from Mail for Windows 10 From: Adrien Monteleone Sent: Thursday, 2 November

RE: Outgoing personal loan clarification

2017-11-02 Thread Frankie Raney
So..which way? On Nov 2, 2017 9:59 AM, "Tony Vanson" wrote: > Thanks to everyone. My problem is solved. > Cheers > > Sent from Mail for Windows 10 > > From: Adrien Monteleone > Sent: Thursday, 2 November 2017 10:59 PM > To: gnucash-user@gnucash.org >

RE: Outgoing personal loan clarification

2017-11-02 Thread Tony Vanson
Thanks to everyone. My problem is solved. Cheers Sent from Mail for Windows 10 From: Adrien Monteleone Sent: Thursday, 2 November 2017 10:59 PM To: gnucash-user@gnucash.org Subject: Re: Outgoing personal loan clarification I think the usual structure there would be: Assets:Current Assets:Other

Re: Outgoing personal loan clarification

2017-11-02 Thread Adrien Monteleone
I think the usual structure there would be: Assets:Current Assets:Other Current Assets:Short Term Loans You could then have separate accounts under Short Term Loans for each person you’ve loaned to. And as noted by others, income accounts do not enter the picture. This is not new money. An ass

RE: Outgoing personal loan clarification

2017-11-02 Thread Christopher Lam
(ideally gnucash but also any inferior package) will simply always reflect your understanding of your financial situation. Good luck! From: Tony Vanson Sent: Thursday, 2 November 2017 4:24 PM To: gnucash-user@gnucash.org Subject: Outgoing personal loan clarification Hi all, First time here, so please

Re: Outgoing personal loan clarification

2017-11-02 Thread Frankie Raney
It m not be correct accounting, but I would have set up a checking account using the borrowers name. Transfer the 2000 from your account to the new one, then as they make payments, transfer from their account back to yours. When it reaches 0, you can delete it or just leave it. On Nov 2, 2017 1:36

Re: Outgoing personal loan clarification

2017-11-02 Thread Colin Law
On 2 November 2017 at 08:19, Tony Vanson wrote: > Hi all, > First time here, so please excuse my accounting ignorance. > Whilst I understand some of the GnuCash basics, I have a problem which I’m > hoping I can get some help on. > I’m currently residing overseas and we employ a staff member. > Th

Outgoing personal loan clarification

2017-11-02 Thread Tony Vanson
Hi all, First time here, so please excuse my accounting ignorance. Whilst I understand some of the GnuCash basics, I have a problem which I’m hoping I can get some help on. I’m currently residing overseas and we employ a staff member. This person has asked for a personal loan, which I have given,