My Company pays an initial payment to our insurer at the beginning of each
policy year. As we incur insurance costs based on event participants, that
initial payment is charged. After it is exhausted we get a monthly bill for
the amount due. In no case do we ever get the initial payment back.
I'd
I’m not sure I’m entirely following the timing exactly, but many insurances,
and it looks like your’s falls in this category, are pre-paid.
Thus they are assets until they are ‘used’.
So when you make the initial payment:
Dr. Assets:Current Assets:Pre-Paid Assets:Insurance
Cr. Assets:Current
Unless you really need to do accrual accounting, then don't. If you are
never getting it back, it is not much of an asset.
Put it though as Insurance Expense, Initial Payment, Payment 2 etc.
Accounting is there to help you, not make more work to make it "correct".
On 16/12/18 7:06 am,
Hello,
I remember spending a lot of time to get it to work with my Chase Freedom
card. There were 2 things that needed be done. #1, create a UUID and #2,
go onto the website after you try it and give access.
Summary:
1. Generated a Version 4 UUID here:
a. https://www.uuidgenerator.net/version4
Many thanks Adrien.
I think your explanation works except for a minor detail, after the
initial payment is exhausted all payments are after the fact.
Each month I submit a report of participant count for the prior month.
They will then send me a bill for the amount due.
I don't think there
Thanks Elvis.
Because of the casual way the insurance company handles this highly
specialized business, only had 5 transactions to post for the entire
year. While report monthly I often don't get bills for 2 or 3 months.
I ended up doing the Pre-Paid thing for the initial payment, then
I was a user of Quicken for as long as I can remember. I'm now trying
to get serious about my finances and recently installed GNUCash on my
Windows 10 system. I simply installed the software, and built my entire
account structure manually, to match exactly what I wanted it to be. Now
I need
> On Dec 15, 2018, at 8:10 PM, Michael Mantei wrote:
>
> I was a user of Quicken for as long as I can remember. I'm now trying to get
> serious about my finances and recently installed GNUCash on my Windows 10
> system. I simply installed the software, and built my entire account
>
Thanks Geert
I was able to get back in an hour later.
David
-
David Cousens
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To update your subscription
Hi,
Shortly after 10pm EST last night we had a power outage here. This
immediately affected our network and shortly thereafter the servers
themselves. The power came back somewhere around 12:30am and most of the
servers rebooted on their own.
I am checking various services now, so if you
Please remember to copy the list on all replies.
That doesn’t answer the question of what balance field you’re talking about,
the running balance on each transaction line or the one at the bottom of the
register page.
Regards,
John Ralls
> On Dec 15, 2018, at 7:40 AM, John Diaz wrote:
>
>
Bottom of the register page.
On 12/15/2018 9:10 AM, John Ralls wrote:
Please remember to copy the list on all replies.
That doesn’t answer the question of what balance field you’re talking about,
the running balance on each transaction line or the one at the bottom of the
register page.
I carry options as a stock. Just multiply the contracts by 100 to show shares
under options.
Regarding commissions, I have a subaccount under the brokerage account labeled
“Open Commissions”.
When I execute an opening transaction, then the commission is debited to “Open
Commissions”. I think of
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