Personal Accounting - Bills Due

[Derek Atkins]

dniezby <daveniezby at yahoo.com> writes:

> I was thinking, anyone else use Vendor Bills to track personal bills?  For
> example, you get a new electric bill or cable bill and you enter them as
> Vendors and their bills?  Wouldn't this give a person using the system a
> better picture of their net worth and net gain / loss?   I was thinking of
> starting to do it this way and was wonder what others were doing.

Personally I feel it is too much overhead for those kinds of bills.  I
just enter a regular payment transaction dated with the date I make (or
schedule) the payment.  I don't think it would give me a better picture
using a vendor bill for this.

IMHO, Vendor Bills are really for Payables, like purchase orders or
other types of obligations.

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-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available