Allowances (reimburseable expenses)

[Jill Terry]

Thanks Alice.  You believe equity rather than expense account as Michael 
suggested?

On 30/03/2015 23:49, Alice Lee wrote:
> Since you do not have to report this anywhere, you would just debit cash and
> credit an owner's equity account.
>
> -----Original Message-----
> From: gnucash-user
> [mailto:gnucash-user-bounces+alee212007=satx.rr.com at gnucash.org] On Behalf
> Of Jill Terry
> Sent: Sunday, March 29, 2015 5:53 AM
> To: gnucash-user at gnucash.org
> Subject: Re: Allowances (reimburseable expenses)
>
> I incur costs throughout the year for a club, for which I am reimbursed,
> such as petrol or phone allowance.
>
> I have a current asset account (reimbursable expense) for those items paid
> out solely for the club - easy as I have an outgoing expense from bank
> account.
>
> But how do I deal with, say, mileage allowance received?
>
> Cheers
> Jill
>
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