You are effectively doing a split transaction.
Assets:Bank -$1250
Assets:Staff +$250 (sundries)
Expenses:Staff +$1000 (salary)
As the staff member spends appropriately, transfer from Assets:Staff to
Expenses:Various
C
On 28/06/18 18:31, Tony Vanson wrote:
Thank you for your patience
Yes, I guess, in this instance, it could be considered as a type of
temporary loan for her to pay the bills. However, my thoughts are, that if
I change the current classification of Expenses:Staff to Current
Assets:Staff, when I pay her salary I'm decreasing an Asset (Bank Account)
but would also be needing to decrease another asset account Current
Assets:Staff. Am I wrong in assuming that this cannot be done?
By "transferred from savings to Staff Account" I meant when salary payment
is made (usually in cash) it is from my Current Assets:Bank Account:Cash in
Wallet with the offsetting account being Expense:Staff Account"
Cheers
On Thu, Jun 28, 2018 at 2:57 PM, Maf. King <m...@chilwell.net> wrote:
On Thursday, 28 June 2018 08:46:41 BST Tony Vanson wrote:
Thanks again. Normally the staff salary would be simply paid from my
Current assets:Bank Account to Expenses:Staff as they become due.
Similarly with the other payments from my Current:assets:Bank Account to
the various other expense account: e.g. Expenses:Pool etc. etc.
Cheers
Hi Tony,
That all makes perfect sense - so have you "loaned" the money to cover
the
time you are away directly to an employee? (ie into someone else's
personal
account)
I'm trying to understand what you mean by "transferred from savings to
Staff
Account" in your OP.
But yes, it seems to me in summary you want the Staff Account to be an
asset -
if there is unused money at the end of your trip in the Staff Account it
will
be returned to you, just as if you put it in some other temporary bank
account
(or notes in a shoe bux under the bed!) Expenses txns then go from the
new
asset account to the expense accounts, very much as you do at present.
Maf.
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