Re: [GNC] Double entry bookkeeping for purchases to be paid at later date

2021-11-07 Thread Michael or Penny Novack
On 11/7/2021 10:36 AM, Stan Brown wrote: On 2021-11-07 07:11, Sharon Sydnor wrote: I am only experienced in basic bookkeeping but irrespective of what type of payment you intend to make, you have bought something you intend to pay for later hence IT IS a LIABILITY -so your second account WILL

Re: [GNC] Double entry bookkeeping for purchases to be paid at later date

2021-11-07 Thread Stan Brown
On 2021-11-07 07:11, Sharon Sydnor wrote: > I am only experienced in basic bookkeeping but irrespective of what type of > payment you intend to make, you have bought something you intend to pay for > later hence IT IS a LIABILITY -so your second account WILL NOT be a > checking/payment accoun

[GNC] Double entry bookkeeping for purchases to be paid at later date: LIABILITIES Re: gnucash-user Digest, Vol 224, Issue 13

2021-11-07 Thread Sharon Sydnor
Shevach, I am only experienced in basic bookkeeping but irrespective of what type of payment you intend to make, you have bought something you intend to pay for later hence IT IS a LIABILITY -so your second account WILL NOT be a checking/payment account. But you only need ONE account named