Advice please - How do I?

[Yawar Amin]

Hi,

On 2010-11-20, at 05:31, Ian X Waddington wrote:

> […]
> 
> Account: Visa
> 
> Category: Computer
> 
> Subcategory: Software
> 
> Class: Child1
> 
> […]
> 
> I am looking for advice and suggestions as to how I might reproduce the
> above approach in GNUCash.

You could create the following accounts structure:

  Expenses:Computer:Software:Child1
  Expenses:Computer:Software:Child2
  …
  Expenses:Computer:Software:Childn
  Liabilities:Visa

Then when you buy something, record the following transaction:

  Expenses:Computer:Software:Child1 Dr $10
  Liabilities:Visa                  Cr  10

And when you get paid back:

  Assets:Current:CashInWallet       Dr $10
  Expenses:Computer:Software:Child1 Cr  10

Then when you want to see how much Child1 owes you, you can simply open up the Expenses:Computer:Software:Child1 account register and see the balance there.

Of course, the most correct way to do this would be to just treat the loan to Child1 as an asset and not record at all the fact that the expense is for software or whatever. But for personal use, sometimes we don’t really need to follow such rigorous principles.

Hope this helps,

Yawar

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