How to record partial payments for a bill

[Wouter van Marle]

Dear Jodye,

The easiest way I see it is to use the business services from GnuCash,
and create a Liabilities/Accounts Payable account in your tree. That way
you can easily enter partial payments to that bill (for details: see the
manual, that is explained there quite well).
The service fee I think you can add as a split transaction and book that
against an expense account but not really sure about that.

Beware that the business functions are quite clunky, it works but that's
it. May be better in the 2.x series.

Wouter.



On Sun, 2007-06-17 at 23:05 -0700, Jodye Yates wrote:
> Hello
> 
> I am just getting started with gnucash so please forgive me if this is
> an obvious newbie question. I am wondering how to enter my auto
> insurance bill. For example. Say I have a bill of 500$. I pay it in
> monthly installments and every month I am charged 5$ in a service
> charge. How do I enter this information? So far I have an expense
> called expense:auto:insurance and I transfer money from my bank
> account to there. That is fine. But I am not sure how to record the
> amount that I owe to the insurance bill as well as the monthly
> charges. Should it be an account payable? And then how do I transfer
> money to that? From the bank account? So the auto insurance is no
> longer an expense?
> 
> Thanks in advance.
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