Credit Balance on new Expense Account

[Tad Marko]

Right, except that the actual over payment occured before the
beginning of my accounting period (1/1/07) out of an account that has
a beginning balance at that date. Maybe I can just enter the previous
transaction on its actual date and then make a counter deposit to the
affected checking account from the opening balance account?

Tad

On Fri, Jan 12, 2007 at 10:13:37AM -0500, Derek Atkins wrote:
> 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.