Bill shared between business and personal accounts
Derek Atkins
warlord at MIT.EDU
Thu Feb 17 17:06:05 EST 2005
Don't use it that way... What I would do is pay the bill from your
personal account and then use an Employee Expense Voucher to reimburse
yourself for the portion that's from the business.
-derek
Derrick Ashby <daeroncs at fastmail.fm> writes:
> Hello list,
>
> Running a home-based business as we do, there are a number of costs that
> are shared between the business and personal accounts - phone,
> electricity, water, gas, automobile, etc. It is fairly simple to split
> these bills if they are entered directly, but I have just tried to do so
> through the business A/P functions, and have to report that this does
> not seem to work. For example, the phone bill is split 75%/25% business
> and personal. I created a vendor record for the phone company, and a
> bill. Posted the bill into Accounts Payable. Processed the payment.
> The only place where you might be able to specify two expense accounts
> for a single bill is in the invoice itself, but (a) I recently
> discovered that multiple line invoices don't work because of the
> Accumulate Splits bug, and I don't want to update to 1.8.11 until gentoo
> has the upgrade at least in testing, and (b) I don't appear to be able
> to specify the correct account there anyway - the invoice item only
> accepts Assets, Liabilities and Expenses, and the way I normally handle
> the business paying for personal expenditure is via an Equity:Owner
> Drawing account.
>
> The reason why I am trying to use A/P is that I normally pay bills via
> an online banking BPAY process that allows me to schedule the payment on
> the day that it is due, and I want to duplicate this in gnucash. Is
> there a better way to do this?
>
> Derrick
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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
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