repaying credit

[Derek Atkins]

Girard Aquino <girardaquino at hotmail.com> writes:

> 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. :)

Accounts Receivable.  But you shouldn't use an A/R Type Account by hand.
It's designed to be used with the business Invoice/Bill/Payment features
only.  Entering data by hand could cause you problems, and none of the
business reports (e.g. Aging) will work if you enter A/R Txns by hand.

If you want hand-done Receivables use an account of type Asset.

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-derek

-- 
       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
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