repaying credit

Girard Aquino girardaquino at hotmail.com
Fri Feb 13 02:59:47 EST 2009


Maf. King wrote:
> On Monday 09 February 2009 06:30:55 Eric Anopolsky wrote:
>   
>> Hi all,
>>
>> For a while, I've had an arrangement with a friend to use my consumer
>> credit. He tells me what he wants, I buy it with a credit card, and he
>> repays me. I've been keeping track of this by making a transfer from my
>> credit card account to an asset account named after him for each
>> purchase. I've also made a transfer from the asset account to my
>> checking account each time he has repaid me.
>>
>> For the past few months, he hasn't been able to repay me. This isn't a
>> problem since we worked out an arrangement in advance. Now it's time for
>> him to pay, and he understandably wants to see his "account history"
>> with me.
>>
>> A natural way to do that would be to print out the register for the
>> account with his name, showing the full history of purchases and
>> repayments. But, I don't see an option to do this.
>>
>> Suggestions?
>>
>> Cheers,
>> Eric
>>     
>
> Hi Eric.
>
> 2 thoughts:
>
> 1. transaction report, set to show just the asset account
> 2. account report (make sure you are viewing the correct account register)
>
> HTH,
> Maf.
>
>
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>   
I've also done this but I created an A/R account instead. The transfers 
after then are pretty much the same. To my mind it makes more sense? I'm 
not sure what A/R actually means in the accounting world. :)


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