[GNC] How do I manage IOUs between household members?
davidcousens49 at gmail.com
Sun May 30 05:07:08 EDT 2021
Equity is not the way to go to do this. All of the funds are assets and
since they are in a single bank account the obvious way is to have 3 sub
accounts of the main asset bank account which could simply be a placeholder
Whenn your income goes into the bank account you would split the deposits
(debits to the asset accounts and credits to the relevant income account)
between the individual sub accounts and the communal account. This will make
reconciliation a bit more difficult but you can include the sub-accounts in
You would have no transactions actually targeting the Assets:Bank Account
account. It is simply a placeholder for the sum of the other three accounts
If you make it a placeholder account GnuCash will not allow you to use it as
a target account for transaction.
The loan to a friend is also an asset. To record it you would credit
Assets:Bank Account:Arman and debit Assets:Loans:<appropriate name> with
the repayments also record between the two account.
Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html
More information about the gnucash-user