Credit Balance on new Expense Account

[Derek Atkins]

You do this the exact same way as anything else.  Just effectively
"over pay" the expense.

-derek

Quoting Tad Marko <tad at tadland.net>:

> Howdy!
>
> I've started this year getting all my finances into GnuCash, so I have
> all of my accounts starting at 1/1/2007. Whatever balances they have
> at that moment is the beginning balance I enter them with. This is
> working fine for credit card and bank accounts, but I have a telephone
> bill that I overpaid by quite a bit last year so on 1/1/2007, it has a
> substantial negative balance. I would like to track the new bills at
> they whittle down this balance, showing them paid against this balance
> until it is depleted. What is the best way to reflect this?  I'm
> thinking that I may have to turn this into an asset account, which I
> really don't want to do for this unusual circumstance.
>
> Thanks for any suggestions.
>
> Tad
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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