Tithing sales
James Kerr
jim at jkerr82508.free-online.co.uk
Wed Mar 10 10:16:50 EST 2010
On Wednesday 10 March 2010 John Garber wrote:
> I've just started to use GnuCash for a small business. I would
> like to tithe sales to an "unpaid tithe" liability account that
> would be "depleted" when I write a check to pay the tithe. The
> Sales are deposited in a checking account. I tried transferring
> money from the sales account to the unpaid tithe liability
> account, but that affects the total sales shown in reports
> (decreases it by 10%). How can I increase the "unpaid tithe"
> liability account (debit??) without affecting the total shown for
> the "Sales" account?
>
Debit : Bank 100
Credit: Sales 100
Debit: Tithes Expense 10
Credit: Unpaid Tithes 10
When the tithes are paid:
Debit: Unpaid Tithes
Credit: Bank
If you use "friendly" column headers, then the Debits go into the
left-hand column (whatever it happens to be called) and the Credits go
into the right-hand column.
Jim
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