Quick question re splitting bills and borrowing/lending money

y7anect001 at sneakemail.com y7anect001 at sneakemail.com
Mon Jul 7 16:10:33 CDT 2003


I've gotten reasonably familiar with gnucash and understand split transactions (at least as far as salaries).  I'm not sure how to deal with expenses shared with my fiancee, however...

At first I thought it'd be pretty straightforward -- I figured I'd create an entry for her under Liabilities, treating our situation like a short-term loan, and just throw everything related in there.  Things are seeming more complicated though, and I'm  not sure how to handle them.

Any suggestions will be a huge help.  Consider the following cases:

1) My fiancee writes me a cheque and I cash it for her.  This seems fairly straightforward.  I set up two transfers, one to and one from her account.

2) My fiancee and I have dinner, and it goes on her credit card.  I expect to pay half.  Here's my first stumbling block -- how do I treat this?

3) My fiancee and I have dinner, and it goes on my credit card.  She'll pay half later.  I'm not sure how to handle this one either.

4) Similarly, I'm unsure how to handle a case where my fiancee or I pay 100% of a bill for the other, with the expectation that the money will be paid back entirely.

5) Finally:  We go out for lunch, spending $z, and both pay $x and $y dollars respectively ($x + $y = $z; $x != $y).  How should this be treated?

My apologies if this has been covered elsewhere,

Many thanks,

Cael


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