NEWBIE: Company expenses

[Elizabeth Dodd]

On Thu, 3 Jun 2004 04:49, Bill Wisse wrote:
> On Wednesday 02 June 2004 05:28, juman wrote:
> > Any hints about how to handle company expenses in gnucash would be
> > useful for me. I pay most of my expenses with my personal credit card
> > and then by showing my expenses to my company get them back at the end
> > of the month.
>
> Create a subaccount like Comp Exp in your Liabl.. Creditcard acc,
> and dump everything what you pay for the comp in there.
> At the end of a period you could also use that account for an Comp Exp
> report, IAW to bill the Comp.
> When the money is reimbursed, set it off against that account.
>
> HTH

I have a system called "Internal Loan".
Anything I buy for the business out of my cash gets listed here; then every 
period I pay it back.
My accountant copes with me using this method.
I'm not using a strict hierarchy of accounts. 
Liz

-- 
You've been Berkeley'ed!