I don't know how Google Play works. If it is like a credit card then you are spending money on some expenses, possibly movies during a month then paying Google later, then you are missing the expenses which you have now paid for. Look at your bill from Google to see those expenses and add them to Google Play, and now Google Play should have a balance of zero. Next month enter the expenses when you get the bill then your balance will be black and will be the amount that you owe Google.
On the other hand, if you are depositing funds which will be used later, say, like a Starbucks card, then you should make Google Play an asset account and the balance will be black until you have spent all the funds and entered the expenses to that account. Then you need to re-charge your account. You do not need to get fancy at first. Keep it simple until you are comfortable, then you can decide later whether you want to track more details. David C On Mon, Aug 6, 2018 at 3:59 PM, Baldero Mendoza <bzy...@gmail.com> wrote: > Please be patient with me - brand new to this. > > Household financial stuff. I want to post a "google play" purchase. > Should I post as an expense or a liability? > > I have accounts open for things like "electricity" and that seems to > work just fine, but "google play" looks like it works sort of like a > credit card, so I listed it under "liabilities", and that seems to > work too. I made the connected account "checking" and it all seems to > balance and work. > > However, what bothers me is that the "google play" entry under > "liabilities" is listed as a red negative number. So I have two red > negative numbers listed now, one under "liabilities" and one under > "google play". Everything balances, so is it okay or should I place > "google play" purchases as "expenses"? (I just started gnucash so > there aren't any credit card or debit card purchases yet.) The > "expenses" stuff gets listed as black positive numbers even though > they're an outflow of money just like the "google play" stuff under > "liabilities". Maybe it's optional and can be done either way? > Confusing. > > Thank you everybody! > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > 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 To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
