[GNC] Should one use Accounts Payable if a vendor is paid immediately ?

[Stan Brown]

It may be a failure of imagination on my part, but every way I can think
of to report a combination of transactions, some of which are in a
particular account and some of which are not, is a lot more work than
just having the desired transactions in the account in the first place.

Stan Brown
Tehachapi, CA, USA
https://BrownMath.com

On 2022-11-27 14:43, Dr. David Kirkby wrote:
> On Sun, 27 Nov 2022 at 20:57, Stan Brown <the_stan_brown at fastmail.fm
> <mailto:the_stan_brown at fastmail.fm>> wrote:
> 
>     What David says is true.
> 
>     However, if you create two transactions:
>           Debit to Expense:something
>           Credit to AP:this vendor
>     and
>           Debit to AP:this vendor
>           Credit to Assets:Cash or bank account
>     then the vendor's account will show the whole history of your purchases
>     from that vendor.
> 
>     I think either way is valid from a strictly accounting standpoint. The
>     choice comes down to what reporting you think you might want later.
> 
>     Stan Brown
>     Tehachapi, CA, USA
>     https://BrownMath.com <https://BrownMath.com>
> 
> 
> Being able to see all transactions from a vendor would be nice. Can I
> only get that if I post a bill, then pay it?
> 
> Dave