Reimbursable expenses

[Derek Atkins]

"Dwight Tovey" <dwight at dtovey.net> writes:

> I've recently started using GnuCash after several years of using Quicken. 
> Since I'm far from being an accountant, that probably means that I've got
> my finances totally screwed up.  So please bear with me if I ask what are
> probably totally obvious questions.
>
> I just got back from a buisness trip where my employer is supposed to
> reimburse me for everything.  However, I still have the charges on my
> credit card and there will probably be at least a short delay before I'm
> reimbursed.  I assume that I should create an "Accounts Receivable" asset
> account, enter the charges in my CC account and set the "Transfer Account"
> to this AR account?  How about when I do get the reimbursement check? 
> That will be deposited in my checking account.  Should it also be charged
> against the AR account so that ultimatly the AR account balance will be 0?
>  Finally, I've been told that next time I can get a cash advance and
> return whatever I don't spend (or submit receipts for any extra that I
> need).  Do I just handle this the same way?
>
> Thanks for any suggestions - including any basic accounting principles
> books that might help.

Yes.

-derek

-- 
       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