[GNC] Forward payments

Tony Vanson tonyvans70 at gmail.com
Fri Jun 29 07:39:55 EDT 2018


Thanks Colin
That's done the trick.
Cheers

On Fri, Jun 29, 2018 at 2:15 PM, Colin Law <clanlaw at gmail.com> wrote:

> You can edit the transfer into the expense account and change the
> recipient to be the asset acct.  You will get a warning that you are
> changing a reconciled transaction but it will not affect the reconcile
> (just make sure you don't change the amount transferred).
>
> Colin
>
> On 29 June 2018 at 04:34, Tony Vanson <tonyvans70 at gmail.com> wrote:
> > My thanks to all respondents. It is finally making sense to my befuddled
> > brain.
> > However I have one more spanner in the works. I had already transferred
> > funds from my Current Assets:Bank account to Expenses:Staff.
> > My Bank account has been reconciled.
> > What, if any, process is available to transfer the forward payment funds
> > from Expenses:Staff to the newly created Current Assets:Forward Payment
> > Credit account without messing things up, or would I need to delete the
> > original transfer and re-enter it to reflect the new process?
> > Thanks again for all your patience.
> > Cheers
> >
> >
> > On Fri, Jun 29, 2018 at 12:13 AM, Stephen M. Butler <kg7je at arrl.net>
> wrote:
> >
> >> On 06/28/2018 12:25 AM, Tony Vanson wrote:
> >> > 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
> >>
> >> I would set it up as an asset.  Even if you physically handed them the
> >> cash and they physically put it into their wallet for future
> >> disbursement as needed, it is still your asset.  If anything is left
> >> over when you return it would come back to you for put back into the
> bank.
> >>
> >> I presume you will get periodic statements about how that asset is being
> >> disbursed so you can make the appropriate entries to transfer funds to
> >> the appropriate expense accounts (just like you do now, except the asset
> >> side is not the bank but the "staff accountant").
> >>
> >> That way you could notice if the funds were running short and do online
> >> banking to send more funds to that person.
> >> > 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.
> >> >>
> >> >>
> >> >>
> >> >>
> >> >>
> >> >
> >>
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> >
> >
> >
> > --
> > *Tony Vanson*
> >
> > *The older I get,*
> > *the better I was*
> > _______________________________________________
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>



-- 
*Tony Vanson*

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


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