On 08/06/2018 11:15 PM, Baldero Mendoza wrote:
> Wow, what a great help group! Lots of great advice from many
> knowledgeable people.
>
> I settled on making an expense account out of google play
> ("Google_play_stuff") and matching it to a checking account, skipping
> the credit card part since,
Wow, what a great help group! Lots of great advice from many
knowledgeable people.
I settled on making an expense account out of google play
("Google_play_stuff") and matching it to a checking account, skipping
the credit card part since, with me, that is always transitory and
instantaneous
On Mon, Aug 6, 2018 at 2:00 PM Baldero Mendoza wrote:
> Please be patient with me - brand new to this.
>
> Household financial stuff. I want to post a "google play" purchase.
> Should I post as an expense or a liability?
>
I'm familiar enough with Google Play so I figured I'd describe how I
On 08/06/2018 02:27 PM, Adrien Monteleone wrote:
> Certainly, if you have a card tied to the account and you are charged for
> each purchase on the spot, then no need for the mess I described.
>
> When you purchase:
>
> Dr. Expenses:Entertainment (software, whatever)
> Cr. Credit Card (the one
I don't know how Google Play works. If it is like a credit card then you
are spending money on some expenses, possibly movies during a month then
paying Google later, then you are missing the expenses which you have now
paid for. Look at your bill from Google to see those expenses and add them
Certainly, if you have a card tied to the account and you are charged for each
purchase on the spot, then no need for the mess I described.
When you purchase:
Dr. Expenses:Entertainment (software, whatever)
Cr. Credit Card (the one that will be charged)
Use ‘Google Play’ as the Description for
On 08/06/2018 01:59 PM, Baldero Mendoza wrote:
> Please be patient with me - brand new to this.
>
> Household financial stuff. I want to post a "google play" purchase.
> Should I post as an expense or a liability?
>
> I have accounts open for things like "electricity" and that seems to
> work just
I forgot to mention if you go the Business feature route, you don’t need the
Accrued Expenses account unless you want to track your limit available. If you
just get a bill and pay it, you can just post directly to Accounts Payable.
If it’s a pre-paid asset though, you need that specific account
I’m not familiar with Google Play accounts specifically.
If they work like a credit limit and you pay later, then they are deferred
expenses - thus Accounts Payable.
If you pre-pay say with a gift card, or you top off the available to spend,
then it’s a pre-paid expense - an asset account.
Please be patient with me - brand new to this.
Household financial stuff. I want to post a "google play" purchase.
Should I post as an expense or a liability?
I have accounts open for things like "electricity" and that seems to
work just fine, but "google play" looks like it works sort of like a
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