Liabilities / Accounts

[Maf. King]

On Tuesday, 27 February 2018 11:20:21 GMT you wrote:
> Maf King
> 
> Thank you for responding.
> Under liabilities we have listed an account Rent due (which is listed in
> Parent Account under Liabilities and under Account type Liability) when I
> enter a value in the Journal enteries I get two enteries the same entry
> under Increase and Decrease and zero in the balance column, is it I 've set
> it up wrong.
> 
> Thank you
> James
> 

Hi James,

Don't forget to reply to the list too, others may be able to help better than 
me, and this conversation may benefit someone else in the future too.

The set up sound correct.  It sounds like you may not be entering the 
transaction properly. (look at the GC concept guide about using a credit card 
- chapter 7.  this is a conceptually very similar situation, just you are 
acting as your own card until you pay the rent)

your weekly transaction should be between liability and expense, then when you 
pay the bill once per month, the transfer is from the Bank Account to the 
liability (so the liability goes back to zero)

HTH,
Maf.