Am I correct in thinking of the trust account as money form third parties? If so, it might be an idea to set up a special range of Accounts Payable records. (To keep them separated from normal business invoices)
Then allocate any receipts as well as any payments made on behalf of the party involved. The subledger would give a split per party, while the General Ledger involved would show the total amount of All parties together. For details you would print a report for one or more A/P numbers you are interested in. Just an idea.. -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]] On Behalf Of David Wolf Sent: dinsdag 16 juli 2002 20:07 To: [EMAIL PROTECTED] Subject: [SL] Trust accounts I've been trying to get trust accounts to work the way I need them to work. My first thought was to create a summary 'Trust Account" then add new 'accounts' in the chart of accounts for each trade deal that involves a trust account. But, that falls flat because there is no 'summary' account option that I can find. So.. The question of the hour is: how does one *properly* and *correctly* handle trust accounts in SQL-Ledger? David ------------------------------------------------------- This sf.net email is sponsored by: Jabber - The world's fastest growing real-time communications platform! Don't just IM. Build it in! http://www.jabber.com/osdn/xim _______________________________________________________ (un)subscribe: http://lists.sourceforge.net/lists/listinfo/sql-ledger-users Archive: http://www.mail-archive.com/[email protected]/ ------------------------------------------------------- This sf.net email is sponsored by: Jabber - The world's fastest growing real-time communications platform! Don't just IM. Build it in! http://www.jabber.com/osdn/xim _______________________________________________________ (un)subscribe: http://lists.sourceforge.net/lists/listinfo/sql-ledger-users Archive: http://www.mail-archive.com/[email protected]/
