I'm very simple-minded, I guess. I treat Paypal just an an expense... so, for the transaction above, I would enter in the Bank account
Payee: Paypal (Google) with the expense category Expenses->Utilities->Internet On Fri, Dec 9, 2022 at 2:01 PM Dr. David Kirkby < drkir...@kirkbymicrowave.co.uk> wrote: > 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. > -- _________________________________ Richard Losey rlo...@gmail.com Micah 6:8 _______________________________________________ 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.
