Sharing payees across accounts

[John Ralls]

On Feb 2, 2014, at 12:55 AM, John R. Sowden <jsowden at americansentry.net> wrote:

> On 02/01/2014 05:50 PM, John Ralls wrote:
>> On Feb 1, 2014, at 4:26 PM, David T. <sunfish62 at yahoo.com> wrote:
>> 
>>> John,
>>> 
>>> Just a point regarding semantics: you tell the OP that GnuCash doesn't have a "Payee".  However, it seems to me that what GnuCash calls the "Description" is functionally the same as the "Payee." It is presented in GC in the same location that traditional printed checkbook registers place the "Payee"; it is used on printed checks in GC for the "Payee" on the check; and, chapter 6.14 of the Help manual identifies that data element as the "Payee."
>>> 
>>> Furthermore, most reports include the option of sorting (and subtotalling) on the Description (i.e., "Payee") field. I use this to check the accuracy of my data entry.
>> David,
>> 
>> Sometimes. Other times it’s a payer. Still other times—stock trades come to mind—it’s actually a description. All of which is rather beside the point of the OP’s question and use-case.
>> 
>> Regards,
>> John Ralls
>> 
> Thanks to whoever decided to bring up the term "payee".  This has been bugging me for a long time.  If a cash account is opened for data entry, the work "Description", more apt for a "general journal" entry, should be changed to "Payee".  Probably not a problem, just a simple if/then statement.

I disagree. Sometimes the description contains the payee, sometimes the payer, sometimes neither. For example, consider a brokerage cash account. I usually describe a stock buy as "Buy FOO NNNN", with FOO being the stock symbol and NNNN the number of shares. No payee there: The money isn't going to FOO, it's going (mostly) to some anonymous entity which is selling  A dividend might be "Div FOO", which does indicate the payer but also indicates why they're giving me money.

Of consider a credit card account. True, most of the entries will contain the payee, but credit card company fees will be descriptive ("finance charge", "late fee"), as will the payment transaction.

Regards,
John Ralls