How do I categorize reimbursements?

[Derek Atkins]

Basically, the "expense" is your half of the expense.  This
is a standard "AR/AP" based model.  Basically, you're paying
a bill that is 50% your expense and 50% someone else's expense.
You, you record it as a split transaction:

Checking        100%
Asset                   50%
Expense                 50%

Then when your friend pays you you have another transaction:

Asset           50%
Checking                50%

-derek

"Philip J. Mucci" <pjmucci at lbl.gov> writes:

> Hi all,
> 
> First off, great product. I'm a happy GnuCash user. 
> 
> Now for a question I've had for years, i've had the same question with
> Quicken, but never got in answered.
> 
> How do I categorize 'reimbursements' properly?
> 
> For instance, I pay the rent and my roommate gives me a check towards
> it. This isn't income, but is it a negative expense credited towards
> rent?
> 
> The same thing with business travel. I routinely take trips and the
> company then sends me a check. Same problem.
> 
> I'm sure someone has a quick an easy answer to this. Let me know what it
> is.
> 
> Regards,
> 
> Philip Mucci
> 
> P.S. If possible, hit me back on this email as I'm not subscribed.
> 
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-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available