Somebody's credit and a liability to a buyer

[gastan]

Hello,

thanks much for the notes. Can you, please, explain, what type (asset,  
income, liability, etc.) would be the accounts - passengers' trip accounts  
and my trip account?

Thanks much, I wish you all the best to the new year
Martin

On Mon, 14 Dec 2009 22:06:23 +0100, Anthony W. Youngman  
<wol at thewolery.demon.co.uk> wrote:

> In message <26766045.post at talk.nabble.com>, Gastan <bmg at centrum.sk>
> writes
>>
>> Hello, all.
>>
>> I'm pretty new in accounting (just for home purposes) and I don't know  
>> the
>> right terminology - and not in English for sure. Maybe that's why I  
>> have not
>> found here what I'm looking for. If it's already answered somewhere,  
>> please,
>> don't be angry, I really tried it before asking.
>>
>> Case one:
>> I'm travelling to my office by car and I take some people with me. They  
>> pay
>> some fixed agreed amount for one trip. Sometimes they give exactly what  
>> they
>> should immediately on the day of the trip, sometimes they pay after few
>> trips whole debt or just part of it and some of them do some pre-pay -  
>> they
>> pay e.g. for the whole week - but they for example cannot go with me on  
>> some
>> days and they "consume" the pre-paid amount sometimes in the future that
>> nobody knows when.
>
> Okay, someone may tell me I'm wrong but this seems simple. It's just
> basic customer accounting. I'm not sure with my credits/debits but ...
>
> Every time you give someone a lift, you credit their trip account and
> debit it to your trip account. If they give you a trip, you do the
> reverse.
>
> When they pay you, you debit it to their trip account and credit it to
> your bank/cash.
>>
>> Of course we lend/borrow money each to other for some other things, not  
>> just
>> for trips. If somebody forgets the wallet and needs money for that day,  
>> etc.
>>
> debit it to your bank/cash and credit it to their trip.
>
>> What I need is some easy and simple way how to get a bill for each  
>> passenger
>> with the one final balance: if I owe some money/trips to him or s/he  
>> owes
>> money to me for the unpaid trips or some other lendings.
>
> If you have an account for car-share, and subaccounts for each person it
> will give you a total balance plus how much each person owes you.
>>
>> Case two:
>> Somebody buys something I asked him for and pays it. I got the good and  
>> a
>> liability to the buyer. How this shall be correctly entered?
>
> He's a supplier. credit the good to your assets and debit it to his
> supplier account.
>>
>> Thanks in advance for your help.
>
> Cheers,
> Wol


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