2016-03-12 GnuCash IRC logs
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01:04:20 <cast> question: what's the most sensible way to account for one owing a flatmate money for groceries, that you settle every few weeks/months. as a liability?
01:05:05 <cast> i was thinking A/P would be the other option
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08:24:36 <Jimraehl1> cast: One way of handling future payments is to enter them as budgeted transcations, then reconcile the bank statement the usual way. I enter transactions that haven't appeared at the bank, with a date a year in the future. Every few days, I move the date of those transactions that now appear in the bank's website to the date the bank listed them. Transcatiions above the current date's blue line are in the bank, with today's Gnucas
08:24:37 <Jimraehl1> matching the bank balance.
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12:30:03 <warlord> cast: Just an asset (or liability) account that you use to split the costs.
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17:52:01 <cast> warlord: how would an asset account apply to the situation?
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