[GNC] Forward payments

[Tony Vanson]

Thank you for your patience
Yes, I guess, in this instance, it could be considered as a type of
temporary loan for her to pay the bills. However, my thoughts are, that if
I change the current classification of Expenses:Staff to Current
Assets:Staff, when I pay her salary I'm decreasing an Asset (Bank Account)
but would also be needing to decrease another asset account Current
Assets:Staff. Am I wrong in assuming that this cannot be done?

By "transferred from savings to Staff Account" I meant when salary payment
is made (usually in cash) it is from my Current Assets:Bank Account:Cash in
Wallet with the offsetting account being Expense:Staff Account"
Cheers


On Thu, Jun 28, 2018 at 2:57 PM, Maf. King <maf at chilwell.net> wrote:

> On Thursday, 28 June 2018 08:46:41 BST Tony Vanson wrote:
> > Thanks again. Normally the staff salary would be simply paid from my
> > Current assets:Bank Account to Expenses:Staff as they become due.
> > Similarly with the other payments from my Current:assets:Bank Account to
> > the various other expense account: e.g. Expenses:Pool etc. etc.
> > Cheers
> >
>
> Hi Tony,
>
> That all makes perfect sense -  so have you "loaned" the money to cover
> the
> time you are away directly to an employee? (ie into someone else's
> personal
> account)
>
> I'm trying to understand what you mean by "transferred from savings to
> Staff
> Account" in your OP.
>
> But yes, it seems to me in summary you want the Staff Account to be an
> asset -
> if there is unused money at the end of your trip in the Staff Account it
> will
> be returned to you, just as if you put it in some other temporary bank
> account
> (or notes in a shoe bux under the bed!)   Expenses txns then go from the
> new
> asset account to the expense accounts, very much as you do at present.
>
> Maf.
>
>
>
>


-- 
*Tony Vanson*

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