[GNC] Tracking UnPaid Bills

[griffin]

I think I'm starting to mess up my accounts.

I use GnuCash for my home accounts. I know little/nothing about 
accounting practices, no-one will see my accounts, and they won't be 
audited.

So far I have been paying bills by entering a transaction in the check 
register for the amount of the payment, and then using an expense 
account as the second account, Electricity for example.

Chequing Register
Date                 Description           Transfer                     
     R    Deposit    Withdrawal     Balance
2025-02-02    PAY Electric & Gas - Direct Energy 
Expenses~CAD~House~Utilities~Direct Energy    N     60.00                
138.96

Electric Expense Register
Date                Description         Transfer                         
R    Expense    Rebate            Balance
2025-02-02    PAY Electric & Gas - Direct Energy 
Assets~CAD~ScotiaBank~Checking                          N 60.00        
                         157.39

However, I am at a point in my life where I cannot always pay my bills 
in full, so I need to have a "balance owing" situation. I would also 
need to have a record of the value of the Electric bill. That is, I had 
an expense of $120 for the electric bill, but having paid $60, I still 
owe $60.

Can I set things up as I am using GnuCashnow, so that after I've paid 
what I can there is still a debt showing, or do I have to change things 
and use liability accounts. If so, what would the process look like? 
Would it be like treating the electric bill as it were a credit card? 
How would I set that up?

Thanks.

-- 
Louise (Louise/Louise's)
If you need end-to-end encryption, I have a PGP Key


-- 
This email has been checked for viruses by Avast antivirus software.
www.avast.com