I have the following accounts, and am buying something in GBP. Assets -> Accounts Receivable -> GBP Assets -> Bank account Assets -> PayPal -> GBP Expenses -> Utilities -> Internet Liabilities -> Accounts Payable -> GBP
I paid Google £15 for using some cloud storage (OneDrive) using PayPal. So PayPal took the money from the bank account and paid Google. *If I were NOT using PayPal, this is the process I would go through.* *Under Business -> Vendor -> New Bill* Create a bill and post that to these accounts *Expense Account:* Expenses -> Utilities -> Internet *Post to Account: * Liabilities -> Accounts Payable -> GBP *Under Business -> Vendor -> Process Payment* Process the payment *, using these accounts* *Post to*: Liabilities -> Accounts Payable -> GBP *Transfer Account:* Assets -> Bank account Am I doing that all correctly done, if not using PayPal ? Assuming that is, how can I modify the process so the account* Assets -> PayPal -> GBP* account gets used? Dr David Kirkby Ph.D Email: drkir...@kirkbymicrowave.co.uk Web: https://www.kirkbymicrowave.co.uk/ Kirkby Microwave Ltd (Tel 01621-680100 / +44 1621-680100) Stokes Hall Lodge, Burnham Rd, Chelmsford, Essex, CM3 6DT. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
