Hi, I'm steadily 'getting' the double-entry idea. In my accounts (which I have just begun experimenting with), I have an account that is called 'Personal Money Used'. This is of type Cash. I use this account when I use my own personal account (i.e. nothing to do with the business) to buy something for the business.
I have two questions about this account: 1. What is the correct parent account for this? It feels to me like it is a Liability - money the business owes me but I suspect liabilities are debts to external entities (i.e. not me, the business owner). 2. Would I be better accounting for such purchases simply as money I put into the business (i.e. as an increase in Owner's Equity)? I'm trying hard to get into this but can't afford to pay for professional lessons so any help at all would be very welcome. Kind wishes - Patrick _______________________________________________ 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.
