[GNC] Forward payments

[Tony Vanson]

Thank you for your quick response. My Staff account is set up as an Expense
not as an Asset. In this particular case would I need to set up a new
account Current Assets:Staff - as a child account under Current Assets?
Cheers

On Thu, Jun 28, 2018 at 2:08 PM, Maf. King <maf at chilwell.net> wrote:

> On Thursday, 28 June 2018 07:53:02 BST Tony Vanson wrote:
> > Hi all,
> > Hopefully someone can advise me how to treat the following problem which
> > stumps me.
> > I am using GNUcash 2.6.18 on Windows 10.
> > I shall be away for several months and have transferred credit from my
> > Savings account to my Staff account with a lump sum amount for her to pay
> > her Salary, Electricity, Pool chemicals, Internet access etc, on the due
> > date. All these are set up as expense accounts.
> > All accounts, apart from her Salary and Internet access, are variable in
> > amount and payment date.
> > I assume that I have to split the lump sum to the various accounts as
> they
> > are paid or is there some other method?
> > I also need to take into account that the payment I've made to the Staff
> > account may be too small or too large.
> > Any enlightenment to a personally perplexing problem would be greatly
> > appreciated.
> > P.S. I only use GNUcash for my personal information and does not have any
> > taxation or other legal requirement.
> > Cheers
>
> Hi Tony.
>
> Do you have accounts in GC that represent your Savings account & Staff
> accounts?
>
> To me it seems that you should let GC reflect reality - you've got a
> transaction from Assets:Savings to Assets:StaffAccount.  as the payments
> are
> made, you have transactions between Assets:StaffAccount & expense accounts
> as
> appropriate. (presumably, you could be emailed details of payments made to
> keep your GC up to date?)
>
> If, on your return, you have balance left in Assets:StaffAccount, just
> record
> a transaction putting it back into savings.
>
> HTH,
> Maf.
>
>
>
>
>


-- 
*Tony Vanson*

*The older I get,*
*the better I was*