How to Classify Estate Distributions
Thomas Bullock
tbullock at nd.edu
Thu Sep 23 15:55:51 EDT 2010
Date: Thu, 23 Sep 2010 03:28:55 -0700 (PDT)
From: "rsbrux at yahoo.com" <rsbrux at yahoo.com>
Subject: How to Classify Estate Distributions?
To: gnucash-user at gnucash.org
Message-ID: <199952.39762.qm at web56808.mail.re3.yahoo.com>
Content-Type: text/plain; charset=iso-8859-1
Please excuse my posting this here.? It is really more a question about accounting rather than one about GnuCash, but I have searched the web diligently without finding an answer and hope that another GC user can give me a tip.
I am preparing the accounting for my mother's estate using GC 2.29 and can't figure out what to do with the distributions to beneficiaries.? The forms I have found online treat distributions as a top level account.? However, even if I do that (violating the oft-cited advice that one should create sub-accounts instead of adding to GC's default top level accounts) I still have to give the account a type.? There are 3 possibilities in the drop-down list which seem as though they might apply:
- Expense
- Liability
- Account Payable
but none seem quite right.
What has anyone confronted with a similar situation done?
TIA!
[<Tom:>]
[<Tom:>]
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