Beginner with Questions
Ian K
ik522000 at yahoo.co.uk
Wed Dec 7 13:09:29 EST 2011
You don't need to set up customers, but you can set up the scouts' accounts
as Liability accounts. For example if a scout called John had a target of
$50, and he raised $60, then a transaction could look as follows:
Assets:Checking Account +$60
Income:Fundraising -$50
Liabilities:Scout Accouts:John -$10
The Checking account has all the money in it, and the Scout 1 account shows
that you 'owe' him $10.
When you pay for something on his behalf from the checking account, $10 can
come from the liability account.
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