[GNC] Another "multi-account" logical issue - any advice on how to register this?

[Patrick James]

Stan, 

Inbound, Outbound or both?


> On 09/30/2024 11:22 AM PDT Stan Brown (using GC 4.14) <stan+gc at fastmail.fm> wrote:
> 
>  
> I would absolutely record shipping as an expense, not an asset. The
> asset has value after you receive it; the shipping is "used up" the
> moment the package arrives. Only things that still have value should be
> listed in Assets.
> 
> You realized there was something wrong with treating it as an asset,
> when you recognized that nothing had been recorded in Expenses:Postage.
> 
> Standard disclaimer: this is not professional accounting advice and I a
> not an accountant. If this were a business rather than your personal
> books you should consider consulting a professional.
> 
> Stan Brown
> Tehachapi, CA, USA
> https://BrownMath.com