Handling Purchase Advances
usselmann.m at icg-online.de
Thu Jun 20 07:40:32 EDT 2013
Am 20.06.2013 12:16, schrieb Sanjay Chakravarty:
> Dear All,
> Here is a scenario I want to record in gnucash but I don't know how.
> 1. My friend gives me $100 to buy an item. He deposits the amount in my
Use a liability account. At that point in time you owe your friend that
> 2. I already have $100 in my wallet, so buy the item for $89 from my
Reduces the liability by $89.
> So balance $11 is to be paid back to my friend.
> 3. When we meet, I return $11 in cash to him from my wallet.
The liability is now 0.
> Usually I use Assets::Reimbursements when purchases are made in advance
> someone (like official), and I get reimbursed exact amount. Here, an
> is being made, and that too into the bank. How do I setup the above 3
> transactions in gnucash?
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