Accounting best practice question

[Cam Ellison]

John Rakestraw wrote:
>> what's the best way to accomplish this without setting up a bazillion
>> accounts that all show up under my account tree for money that I don't
>> want to track?
> 
> IANAA, so I'll put this out there in part so others who are can correct
> me if need be -- I use an account I call "reimbursable" for things like
> this. When I buy something, the transaction is between a credit card or
> checking account and reimbursable. When I'm reimbursed and deposit the
> check into my checking account, the transaction is between the checking
> account (a deposit to the checking account) and reimbursable.
> Reimbursable stays pretty close to zero, but is sometimes below zero
> and other times above zero. 

I also have this - in Receivables.  IANAA either, but that's really the 
best place to put it, because that's what such an expense is.

Cheers

Cam


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Cam Ellison, Ph.D. R.Psych. #1417

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