Under what accounting head should this account be created?

[nosherwan]

Thanks a lot... josh
So you mean you create it as an asset account and not as an accounts
receivable account?
Wouldn't it be better if you more often than not owe something to others
you create it as an accounts payable? and if someone more often than not
owes you you create it as accounts receivable? what do you think about this?

Regards,
Nosherwan

On Tue, Jul 14, 2015 at 5:30 AM, joshuaos [via GnuCash] <
ml-node+s1415818n4679432h62 at n4.nabble.com> wrote:

> I do this a lot, and have accounts for all my friends.  I organize them as
> Assets, and do it this way:
>
> -Assets
>      --Holdings
>           ---Cash
>           ---Checking
>      --Exchanges
>           ---Bill
>           ---Jane
>
> So if someone picks me something up at the store and pays for it, I enter
> it in the Expense account for what they bought, against the Exchanges
> account for that person.  That way money that is owed to me shows up as
> positive, and money that I owe out shows up in negative (red) and the
> accounts often sway between the two.  Of course if I pick something up for
> someone else or lend someone money, the transaction is between my Holding
> account (Cash or Checking or Paypal or whatever) into that person's
> exchanges account.  I like this because I can see whether I'm positive or
> negative overall with people (the Exchanges which is a placeholder
> account), and I can easily see how much I'm owed or owing with each
> person.  :)
>
> Yours,
> Joshua
>
>
> On Mon, Jul 13, 2015 at 6:05 AM, nosherwan <[hidden email]
> <http:///user/SendEmail.jtp?type=node&node=4679432&i=0>> wrote:
>
> > Hello all,
> >
> > I want to know under which head should I create an account of a friend
> to
> > whom I sometimes owe money and other times he owes me.
> >
> > Thanks,
> >
> >
> >
> > --
> > View this message in context:
> >
> http://gnucash.1415818.n4.nabble.com/Under-what-accounting-head-should-this-account-be-created-tp4679423.html
> > Sent from the GnuCash - User mailing list archive at Nabble.com.
> > _______________________________________________
> > gnucash-user mailing list
> > [hidden email] <http:///user/SendEmail.jtp?type=node&node=4679432&i=1>
> > https://lists.gnucash.org/mailman/listinfo/gnucash-user
> > -----
> > Please remember to CC this list on all your replies.
> > You can do this by using Reply-To-List or Reply-All.
> >
> _______________________________________________
> gnucash-user mailing list
> [hidden email] <http:///user/SendEmail.jtp?type=node&node=4679432&i=2>
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
>
>
> ------------------------------
>  If you reply to this email, your message will be added to the discussion
> below:
>
> http://gnucash.1415818.n4.nabble.com/Under-what-accounting-head-should-this-account-be-created-tp4679423p4679432.html
>  To unsubscribe from Under what accounting head should this account be
> created?, click here
> <http://gnucash.1415818.n4.nabble.com/template/NamlServlet.jtp?macro=unsubscribe_by_code&node=4679423&code=bm9zaGVyd2FuaEBnbWFpbC5jb218NDY3OTQyM3wtNDcwMTA2ODQ=>
> .
> NAML
> <http://gnucash.1415818.n4.nabble.com/template/NamlServlet.jtp?macro=macro_viewer&id=instant_html%21nabble%3Aemail.naml&base=nabble.naml.namespaces.BasicNamespace-nabble.view.web.template.NabbleNamespace-nabble.view.web.template.NodeNamespace&breadcrumbs=notify_subscribers%21nabble%3Aemail.naml-instant_emails%21nabble%3Aemail.naml-send_instant_email%21nabble%3Aemail.naml>
>



-- 
Assalamu alaykum Wr Wb,
Regards,
Nosherwan Huma
0321 5044480
Hayat Agencies

www.NAKcollection.com, www.QuranAcademy.com, www.Tanzeem.org,
www.Bayyinah.com,  www.ShareIslam.com

www.GodAllah.com about God in Islam, www.WhatsIslam.com about Islam and
Muslims, www.ProphetOfIslam.com about Prophet Muhammad, www.AllahsQuran.com
about the Quran, www.ScienceIslam.com about Science and Atheism,
www.IslamBible.com about Christianity and the Bible, www.AboutJihad.com
about Jihad, www.IslamsWomen.com about Women, www.YouTubeIslam.com Variety
of videos by many speakers, www.IslamCode.com Cracking the Code,
www.SearchForIslam.com Search in our websites, www.IslamNewsroom.com News
and Articles, www.Qtafsir.com Explanation of the Meanings of Quran,
www.YusufEstes.com Priests and Preachers Enter Islam, www.BridgeToFaith.com
Got Faith?, www.IslamEvents.com Where are the Speakers of Islam,
www.JustAskIslam.com Nice Answers, www.IslamDomains.com Get your own Islam
website, www.ArabicInEnglish.com Learn Arabic in English.




--
View this message in context: http://gnucash.1415818.n4.nabble.com/Under-what-accounting-head-should-this-account-be-created-tp4679423p4679434.html
Sent from the GnuCash - User mailing list archive at Nabble.com.