So your line item in the bill would be an Inventory account of type asset. (Inventory is generally not an expense until you sell it, then you expense a special account called ‘Cost of Goods Sold’)
The result will debit (increase) the Inventory asset and credit (increase) your Accounts Payable account. (you should post the bill to Accounts Payable) Regards, Adrien > On May 6, 2019, at 4:29 PM, Kebcoinc <k...@collectorsonlinemarket.com> wrote: > > I just cannot remember > I need to create a transaction for one of my vendors > I know I need to increase the liability for this vendor > but what would I decrease to balance? > > I am actually increasing my inventory and increasing the liability > _______________________________________________ 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.
