On Sat, 11 Dec 2021 at 02:55, Adrien Monteleone < adrien.montele...@lusfiber.net> wrote:
> You can certainly create 'Other Liabilities' or 'Provisional > Liabilities' under the main 'Liabilities' account, as you see fit. > > I'd create that as a placeholder-parent, and then create a separate > account for the specific liability 'owner'. (or whatever > description/name makes sense) > Thank you. There's only one of these provisions, so there's nothing specific. > This practice will allow you to easily move that account somewhere else > in the tree if you need to. (as long as it is still a 'credit' account, > that is—liability, equity, revenue—opposite accounts of asset and > expense would be significantly more difficult to transition to) > Okay. So if you weren't sure if the account should be Equity, Liability, or > Revenue, it really doesn't matter at first, as long as you describe it > well, and keep its transactions isolated. (don't mix other stuff in it, > which is why it should be a child account with a descriptive parent, and > never a 'catch-all/miscellaneous' approach) > That's *very *useful to know. Regards, > Adrien > Dave _______________________________________________ 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.
