Please bear with the 2367345836th newcomer :)

[Paul Schwartz]

--- Bill Wohler <wohler at newt.com> wrote:

> Andrew Sackville-West <andrew at farwestbilliards.com>
> writes:
> 
> > Bob Alexander wrote:
> 
> Hey Bob, welcome to Gnucash! If your ACPI on
> ThinkPad experience is
> any indication, you will learn fast!
> 
> >> Scenario 1) When I travel I use my credit card.
> Some of the expenses
> >> are personal and some are reimbursable from my
> company. My bank
> >> account will get debited for the whole amount but
> later on my
> >> company should make a bank transfer to my bank
> account to cover all
> >> the expenses.
> >> I want to be sure that I communicate ALL of the
> latter to my company
> >> I want to be sure that my company sends money to
> my bank for the
> >> same amount (just want to check for any errors).
> 
> I do what Andrew suggests. I also use Assets to
> handle money I owe or
> that are due to me from friends, relatives, and
> roommates.
> 
> >> Scenario 2) When I have a medical expense I pay
> cash or with my
> >> credit card. I want to be sure that I remember
> sending all of these
> >> expenses to my insurance. I also want to be sure
> that my insurance
> >> sends me the corresponding reimbursements (which
> are not equal to
> >> the expense. For example some categories are
> reimbursed at 70%, some
> >> at 50% and in any case there is a maximum annual
> expense ceiling for
> >> all categories over which I will not be
> reimbursed at all).
> >
> > when you enter the transactions for medical
> expenses, you should
> > probably split the transaction between an expense
> account for your
> > portion and another asset account ("pending
> medical reimbursements" or
> > some such) for the amounts to be reimbursed. then,
> as before, when you
> > receive the reimbursement, the money comes from
> the asset to your
> > checking account.
> 
> What I do here is to credit the Medical account with
> the expense from
> the credit card liability account. When I get the
> reimbursement (as a
> check, say), I enter the deposit in my Checking
> account and specify
> the same Medical expense account which debits the
> Medical account and
> thereby offsets the expense.

That's good except you have Db and Cr reversed [I
think].

IANAA

Paul Schwartz

> -- 
> Bill Wohler <wohler at newt.com> 


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