I'd thought that "reimbursable expenses" would generally mean purchases incurred in the course of running a business or service, and will be later charged to the customer when invoicing them. Eg materials, supplies. Slightly different from a friendly loan which is an asset IMV.
On Mon, 21 Sep 2020, 10:57 pm w...@theprescotts.com, <w...@theprescotts.com> wrote: > IANAA (I am not an accountant), but I handle that situation in my personal > books with an expense account named "Reimbursable expenses". When the money > is spent I credit it to Reimbursables, and when the money is repaid, I > debit it to Reimbursables. > > Will > > On 2020 Sep 21, at 09-21 09:35:39, Christopher Lam < > christopher....@gmail.com> wrote: > > Well you'd use the description field to describe the narrative of the > transaction. "Bought $50 of books from Shop for friend". Later on when > friend settles debt into your bank you'd write "recover $50 from friend". > > This approach would mean the widget shop shouldn't appear in your expense > report. IMHO. > > On Mon, 21 Sep 2020, 10:25 pm Daniel Fishman, <quant...@gmail.com> wrote: > > > On 9/21/20 5:15 PM, Christopher Lam wrote: > >> I wouldn't add an entry into Expenses:shop -- you didn't exactly spend > > your > >> money into this shop. > >> > >> Spending/lending money: > >> Liability:credit card -$50 > >> Asset:Friend owes me +$50 > >> > >> Recovering funds: > >> Asset:Friend owes me -$50 > >> Asset:Cash or bank +$50 > > > > It seems to me that using the > > > > Liability:credit card -$50 > > Asset:Friend owes me +$50 > > > > loses a bit of information, since a credit card statement will list the > > shop > > as the receiver of the money. It seems to me that by omitting the shop > > from > > being mentioned in any of the entries will make it more difficult to > > correlate > > the credit card statement with an information in gnucash. > > > > > _______________________________________________ > 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. > _______________________________________________ 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.
