Re: Wife´s credit card (in the same statement)

[Kevin Bullock]

On Jun 22, 2011, at 1:03 PM, Daniel Trezub wrote:

> Hi, there!
> 
> I keep separated finances from my wife. We use the same credit card, but she
> carries what we call here in Brazil an "additional credit card". I am the
> titular holder. All her expenses appear sepparated in my credit card
> statement, this way:
> 
> My expenses
> 03/05    Grocery Store A 12.00
> 03/15    Bookstore        30.00
> 03/25    Taxi            32.00
> 03/30    Rent    500.00
> 
> Her expenses
> 03/01    Clothes Store        140.00
> 03/12    Taxi            13.00
> 03/30    Soup Store        234.00
> 
> Total            961.00
> 
> Every month she gives me the money related to her expenses, so I can pay the
> credit card bill in full.
> 
> The problem is that some common expenses are paid with her card, and others
> are paid with my card (taxis, rent for example), and we always split this
> expenses.
> 
> In this hipotetical example, we´d split my Taxi (32.00) and Rent (500.00)
> expanses, as well as her Taxi (13.00) expense, so the 961.00 total would be
> split 314,50 for me and 646,50 for her. (hope this makes sense to you all)
> 
> Note that I use GC to track my expenses, and she uses any other system she
> sees fit, so there is no need to me track her expenses.
> 
> What do you guys think is the best way to track MY expenses that are split
> with her, in this case?

I would create an Accounts Payable account for her part of the expenses. When you enter an expense you want to split, you can enter her half in that account, and mark it received when she gives you the money for the bill each month.

More simply, you could just create an Income account for her payments. This loses the itemization of what you split, but would be simpler to enter. Depends how finely-grained you want to track it.

pacem in terris / mir / shanti / salaam / heiwa
Kevin R. Bullock

> 
> Thanks for your clever advices :)
> 
> =====
> Daniel
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