[GNC] Tracking UnPaid Bills

[R Losey]

Liability accounts are normally "negative"; charges accrue in the right
column "Increase", and payments show up in the left column ("Decrease"). If
you have a credit amount, it should be a positive number. Your account was
zero on 18 Feb, but you show a new "charge" of 34.84 -- I think that's the
error - they are (I presume) crediting you for unused phone charges. This
should be in the other column. In the attached register, the refund is also
incorrect; it should be the other way around. Everything will work out
then, I believe.



On Mon, Mar 17, 2025 at 1:01 PM griffin <griffin at bernevyl.com> wrote:

> 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).
>
>
>
> --
> If you need end-to-end encryption, I have a PGP Key
>
>
>
> <https://www.avast.com/sig-email?utm_medium=email&utm_source=link&utm_campaign=sig-email&utm_content=emailclient>
> Virus-free.www.avast.com
> <https://www.avast.com/sig-email?utm_medium=email&utm_source=link&utm_campaign=sig-email&utm_content=emailclient>
> <#m_9186116780687242860_DAB4FAD8-2DD7-40BB-A1B8-4E2AA1F9FDF2>
>


-- 
_________________________________
Richard Losey
rlosey at gmail.com
Micah 6:8
-------------- next part --------------
A non-text attachment was scrubbed...
Name: rpVP5FOunELt2F9y.png
Type: image/png
Size: 35478 bytes
Desc: not available
URL: <http://lists.gnucash.org/pipermail/gnucash-user/attachments/20250317/47859598/attachment-0002.png>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: BHnGrRGxDpk4h4WB.png
Type: image/png
Size: 17687 bytes
Desc: not available
URL: <http://lists.gnucash.org/pipermail/gnucash-user/attachments/20250317/47859598/attachment-0003.png>