[GNC] Bank account reconciled, will this change screw things up?

[Dr. David Kirkby]

On Sat, 31 Dec 2022 at 07:43, Adrien Monteleone <
adrien.monteleone at lusfiber.net> wrote:

>
> >> I would only use them for cases where you are billed (incurred the
> >> expense) before you pay, not at the same time.
> >>
> >
> > Why is that?
>
> Because that is the purpose of Accounts Payable. It helps you keep track
> of short term liabilities.
>
> If you pay for something at the point of sale, there is no liability
> incurred.
>
> > I seem to have something that works for me, so I guess it’s okay. But
> > perhaps I am doing an excessive number of mouse clicks.
>
> By all means, do what works for you. When I first started, I was
> treating almost everyone as a Vendor and quickly figured out, most of
> them were unnecessary.
>
> As noted above, I now only raise bills for entities I really receive a
> bill from that isn't paid immediately, or that I don't need to otherwise
> track in such fashion. But that's just me.
>
>
> Regards,
> Adrien


You made me rethink my strategy. I decided to start the accounts from
scratch, only using vendors where I have a trade account.

My main reason was for thinking it’s going to be far more work for my and
to track money moving  around unnecessary accounts.

I would like a pound for every time that I wave started entering
transactions into GnuCash, then later starting again. But one might as well
start in the best way, and be consistent.

Dave

-- 
Dr. David Kirkby,
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