[GNC] Forward payments

[Tony Vanson]

Thank you - short and sweet - and confirms that I need an additional asset
account.
Cheers

On Thu, Jun 28, 2018 at 5:46 PM, Christopher Lam <christopher.lck at gmail.com>
wrote:

> You are effectively doing a split transaction.
>
> Assets:Bank -$1250
> Assets:Staff  +$250 (sundries)
> Expenses:Staff +$1000 (salary)
>
> As the staff member spends appropriately, transfer from Assets:Staff to
> Expenses:Various
>
> C
>
>
> On 28/06/18 18:31, Tony Vanson wrote:
>
>> 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.
>>>
>>>
>>>
>>>
>>>
>>
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-- 
*Tony Vanson*

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