[GNC] Tracking UnPaid Bills

[griffin]

I have been trying this, and I've hit a small issue.

I made an over payment to my phone bill, and then moved to another 
carrier, so I was over paid in the liability account.

When I tried to "refund" this overpayment to my chequing account GnuCash 
either doubles the liability, or withdraws the refund from the chequing 
account.

(...and yes, I feed my dog Dog Foof!!!😳)

I don't seem to be able to reduce the liability to zero, and increase 
the chequing account balance.

What have I done wrong?





On 2025-03-17 10:56 a.m., R Losey wrote:
> On Sun, Mar 16, 2025 at 11:56 AM Michael or Penny Novack via gnucash-user <
> gnucash-user at gnucash.org> wrote:
>
>> On 3/16/2025 12:13 AM, R Losey wrote:
>>> Hi. I'd just set such accounts up as sub-accounts under Liabilities.
>> Using
>>> your example (electricity)
>>>
>>> 1) Create an "Electricity" account under "Liabilites" (alternatively, you
>>> could use the provider as the name of the account
>>> 2) Using your $120 bill as an example, when you pay $60 and owe them $60,
>>> you'd create a three-way split
>>>          Checking: decrease (credit) $60
>>>          Expenses->Utilities->Electricity: increase (debit) $120
>>>          Liabilities->Electricity: increase (credit) $60
>> You COULD do it that way. Splits when paying the bill.
>>
>> But I suggested entering the expense/liability when the bill arrives
>> with an effective date the due date of the bill. Then when you pay all
>> or part of the bill, the transaction just liability/bank account. No
>> split transactions involved. (well MAYBE no splits -- besides being
>> billed for electricity might also have late fees and/or interest
>> charges. You MIGHT just bundle those into electricity expense but also
>> might instead might want to see how much you are being hit with late
>> fees and interest on all your bills).
>>
>> Michael D Novack
>>
>> Your suggestion is even better and simpler (no splits); I was trying to
> think of how to do it the way you suggest, but somehow confused myself and
> couldn't figure out what the two transactions would look like. (I don't
> know what I was thinking; it's perfectly obvious today).
>
>
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