Re: Balances forward of unused cash advances from previous year

Speaking of Irish stout I plan to be brewing some this weekend, perhaps with cherries. We might do a porter instead though, still deciding on recipes. Stay thirsty, Adrien > On May 18, 2017, at 7:39 AM, Maf. King wrote: > > On Thursday, 18 May 2017 13:07:07 BST Anita

Re: Balances forward of unused cash advances from previous year

> On May 18, 2017, at 5:39 AM, Maf. King wrote: > > On Thursday, 18 May 2017 13:07:07 BST Anita Graves wrote: > >> >> What is a widget? >> > > A generic term for raw materials that one might buy to incorporate into a > finished product. I have no idea what your expenses

Re: Balances forward of unused cash advances from previous year

Hi Anita. I think I would record them at start of year in an asset account - something like Assets:AdvancePaymentsMade. Then as you "use up" the pre paid expense, transfer between Expenses:widgets and A:AdvPay so that the asset tends to zero. This presumes that if the expense didn't really