[GNC] Accounts which are both Income and Expense accounts

[Phyllis Bruce]

I'd set that account up as a credit card. Or I'd use Venmo for payments
between friends.

On Mon, Jul 24, 2023 at 10:54 AM Chris Green <cl at isbd.net> wrote:

> Is there a 'right' way to handle an account which gets payments in two
> directions?
>
> E.g. I have good relations with a friend and we often buy things for
> each other and settle up at the end of the month.  Sometimes I owe the
> friend some money, other times the friend owes me some money but it's
> very definitely one account and one wants to see all the payments in
> one place.
>
> I guess one can just say it's an 'Expense' account and make payments
> in either direction as required, is this the only way or is there a
> special name for such an account?
>
> --
> Chris Green
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