Ah; thank you, Donald! So, to confirm, the two "halves" of the equation are "Loan from so-and-so" and the relaxant Expense account?
It's all clear when you know how! – Marc. On 30 Jul 2017, 18:34 +0100, doncram <donc...@gmail.com>, wrote: > For the accounts of the company, I think an account name like "Liability:Loan > from Marc Johansson" would be fine. If you paid for an expense and put some > money into the company's checking account the entries would be like: > > Utilities expense 35.00 > Loan from Marc Johansson 35.00 > Bank of Scotland checking 200.00 > Loan from Marc Johansson 200.00 > > > If you later "donated" the money you had put in, then you'd record the > donation as: > > Loan from Marc Johansson 235.00 > Equity 235.00 > > Or maybe you'd use a more specific equity account like "Equity-Marc > Johansson". Hope this helps. > --Donald Cram > > On Sun, Jul 30, 2017 at 12:29 PM, Finance (Marc) <fina...@maxm.xyz > <mailto:fina...@maxm.xyz>> wrote: > Good afternoon, > I have what is really an accounting question, but I can’t find the answers in > my book-keeping textbooks (probably due to still being very much a neophyte). > > I have formed a private limited company here in Scotland, but shelled out > some money on my personal credit cards for it before it was actually > incorporated. In the accounts, I am trying to work out how to best record > money I have shelled out until such time as it can maybe pay it back (or > write it off as a donation from director). > > In my accounts structure I have various ‘Liabilities’ accounts, but I also > have Accounts Payable. My question is: for each invoice I’ve raised from me > to the company, should I post these under Accounts Payable (with a > corresponding cross-post to Equity - Opening Balances, because we’re waiting > on the bank account), or should I be chucking them under an insecure > liabilities account? > > Can someone advise me on the practicalities: what are the two accounts for > these types of transactions? I understand double-entry accounting; I just > can’t seem to work out what the right mix is for these… > > Thank you, > Marc Johanssón. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
