So......which way? On Nov 2, 2017 9:59 AM, "Tony Vanson" <tonyvan...@gmail.com> wrote:
> Thanks to everyone. My problem is solved. > Cheers > > Sent from Mail for Windows 10 > > From: Adrien Monteleone > Sent: Thursday, 2 November 2017 10:59 PM > To: gnucash-user@gnucash.org > Subject: Re: Outgoing personal loan clarification > > I think the usual structure there would be: > > Assets:Current Assets:Other Current Assets:Short Term Loans > > You could then have separate accounts under Short Term Loans for each > person you’ve loaned to. > > And as noted by others, income accounts do not enter the picture. This is > not new money. An asset is being returned to you. It’s just an asset > transfer from the loan back to cash. (or checking account, etc.) > > Regards, > Adrien > > > On Nov 2, 2017, at 3:19 AM, Tony Vanson <tonyvan...@gmail.com> wrote: > > > > Hi all, > > First time here, so please excuse my accounting ignorance. > > Whilst I understand some of the GnuCash basics, I have a problem which > I’m hoping I can get some help on. > > I’m currently residing overseas and we employ a staff member. > > This person has asked for a personal loan, which I have given, paid by > cash from my bank account > > I shall use generic amounts for the details. > > > > This person is paid a total 600.00 per month, split 300.00 paid on the > 11th and 25th of each month. > > The loan is for 2000.00 with 250.00 repayable on the 25th of each month > for 8 months. I do not charge interest. > > So on the 11th of the month she receives 300.00 and on the 25th 50.00 > cash with 250.00 being for the loan repayment. > > My question is: how do I enter this in GnuCash? > > I already have a bank account and have set up a ‘money owed’ account as > an asset which shows the 2000.00 owing. > > I have also set up a ‘loan repayment’ account as income. > > Hopefully someone can advise me the particular steps I need to follow > for what entries go where, particularly in regards to the 25th of the month > items. > > Cheers > > > > > > Sent from Mail for Windows 10 > > > > > > > > --- > > This email has been checked for viruses by Avast antivirus software. > > https://www.avast.com/antivirus > > _______________________________________________ > > 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. > > _______________________________________________ > 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. > > _______________________________________________ > 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. _______________________________________________ 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.
