Use the business Vendor Bill feature.
It's a lot more work, but will do what you want.
-derek
Sent using my mobile device. Please excuse any typos.
On March 15, 2025 17:10:59 griffin <grif...@bernevyl.com> wrote:
I think I'm starting to mess up my accounts.
I use GnuCash for my home accounts. I know little/nothing about
accounting practices, no-one will see my accounts, and they won't be
audited.
So far I have been paying bills by entering a transaction in the check
register for the amount of the payment, and then using an expense
account as the second account, Electricity for example.
Chequing Register
Date Description Transfer
R Deposit Withdrawal Balance
2025-02-02 PAY Electric & Gas - Direct Energy
Expenses~CAD~House~Utilities~Direct Energy N 60.00
138.96
Electric Expense Register
Date Description Transfer
R Expense Rebate Balance
2025-02-02 PAY Electric & Gas - Direct Energy
Assets~CAD~ScotiaBank~Checking N 60.00
157.39
However, I am at a point in my life where I cannot always pay my bills
in full, so I need to have a "balance owing" situation. I would also
need to have a record of the value of the Electric bill. That is, I had
an expense of $120 for the electric bill, but having paid $60, I still
owe $60.
Can I set things up as I am using GnuCashnow, so that after I've paid
what I can there is still a debt showing, or do I have to change things
and use liability accounts. If so, what would the process look like?
Would it be like treating the electric bill as it were a credit card?
How would I set that up?
Thanks.
--
Louise (Louise/Louise's)
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