Re: [GNC] Accounting for a pre-paid electronic toll card

Thank you all for the information that has cleared my brain fog. :-) On Tue, Oct 18, 2022 at 11:26 PM Fred Bone wrote: > On 18 October 2022 at 22:54, Tony Vanson said: > > > I'm hoping that someone on this list can aid my befuddled brain to get to > > grips with my problem. The tolling system

Re: [GNC] Accounting for a pre-paid electronic toll card

Glad to hear your problem is resolved, Tony. Cheers. Sent using the mobile mail app On 19/10/22 at 9:45 AM, Tony Vanson wrote: From: "Tony Vanson" Date: 19 October 2022 To: dev...@asia.com Cc: gnucash-user@gnucash.org Subject: Re: [GNC] Accounting for

Re: [GNC] Accounting for a pre-paid electronic toll card

Thank you Devaps, that clears my head 洛 On Tue, Oct 18, 2022 at 11:25 PM wrote: > You can treat it like a pre-paid card, so it resides under Assets. > > So you have - > > Assets->Bank Account > Assets->Toll pre-paid card > Expenses->Toll > > When you top up

Re: [GNC] pre-paid electronic toll card

the money that you put onto the toll card) -- debit the pre-paid asset account (increasing its value). 2. When you use some of the balance on the card to pay a toll: -- credit the pre-paid asset account (decreasing its value), and -- debit an "Expense-tolls" account The oth

Re: [GNC] Accounting for a pre-paid electronic toll card

On 18 October 2022 at 22:54, Tony Vanson said: > I'm hoping that someone on this list can aid my befuddled brain to get to > grips with my problem. The tolling system here is not the automated ones > I'm used to. Here one needs to obtain an electronic card and, once done, > must be charged with a

Re: [GNC] Accounting for a pre-paid electronic toll card

You can treat it like a pre-paid card, so it resides under Assets. So you have - Assets->Bank Account Assets->Toll pre-paid card Expenses->Toll When you top up the card, record a transfer between the 2 asset accounts above. When you pay toll, record a transfer from Assets->Toll p

Re: [GNC] Accounting for a pre-paid electronic toll card

On Tue, Oct 18, 2022 at 8:54 AM Tony Vanson wrote: > Here one needs to obtain an electronic card and, once done, must be > charged with a cash value prior to travelling and topped up with cash on a > regular basis. > My question is what category is this card and how do I treat additions and >

Re: [GNC] Accounting for a pre-paid electronic toll card

. Original message From: Tony Vanson Date: 10/18/22 11:54 AM (GMT-05:00) To: gnucash-user Subject: [GNC] Accounting for a pre-paid electronic toll card I'm hoping that someone on this list can aid my befuddled brain to get to grips with my problem. The tolling system here

[GNC] Accounting for a pre-paid electronic toll card

I'm hoping that someone on this list can aid my befuddled brain to get to grips with my problem. The tolling system here is not the automated ones I'm used to. Here one needs to obtain an electronic card and, once done, must be charged with a cash value prior to travelling and topped up with cash

Re: [GNC] Revisiting the pre-paid invoice (coupon, credit note)

2022 19:05:03 -0400 From: "R. Victor Klassen" To: Eric Hammond Cc: "gnucash-user@gnucash.org" Subject: Re: [GNC] Revisiting the pre-paid invoice (coupon, credit note) Message-ID: <9c9a569a-9a4f-4872-8d47-47a9c151e...@icloud.com> Content-Type: text/plain;

Re: [GNC] Revisiting the pre-paid invoice (coupon, credit note)

Pretty sure that’s been around for quite a few versions. I’ve been marking bills paid with Liabilities:Credit Card for as long as I’ve been using GnuCash (2012? 2013??) > On Jul 14, 2022, at 2:31 PM, Eric Hammond wrote: > > Hold the presses! > Just testing v4.11: It appears that it now

Re: [GNC] Revisiting the pre-paid invoice (coupon, credit note)

Pretty sure that’s been around for quite a few versions. I’ve been marking bills paid with Liabilities:Credit Card for as long as I’ve been using GnuCash (2012? 2013??) > On Jul 14, 2022, at 2:31 PM, Eric Hammond > wrote: > > Hold the presses! > Just testing v4.11:

Re: [GNC] Revisiting the pre-paid invoice (coupon, credit note)

. That way I have notes, possibly details, for future reference. (And flag no-pay or slow-pay clients as well) I raise an invoice for pre-paid items or time for the same reason. Plus, some customers, by agreement, pay later. (I also create a Bill/Payment for every purchase for traceability

Re: [GNC] .Re: Revisiting the pre-paid invoice (coupon, credit note

The Customer Report can show current 'credit available' once the pre-payment is processed and can be given to the client. Of course, this doesn't show rate info, etc. (though a footer type stylesheet might offer room for such info) An alternative would be to create a Credit Note and send that

[GNC] .Re: Revisiting the pre-paid invoice (coupon, credit note

why any 'coupon' scheme exists in this case. You can track unused pre-payments via Customer Reports. (functionally 'Statement of Account') You can then provide reports/statements to clients to show remaining pre-paid balance available for use by them as needed. (note, I see you say you're rev

Re: [GNC] Revisiting the pre-paid invoice (coupon, credit note ...) issue:

A negative asset is effectively a liability. It is part of a concept called 'contra' accounts. You can have contra-liability accounts too, that are effectively assets. Asset - normally a Debit balance - amount you own. Contra-Asset - Credit balance - amount you owe someone else. (liability)

[GNC] Revisiting the pre-paid invoice (coupon, credit note ...) issue:

the pre-paid invoice (coupon, credit note ...) issue: In standard accounting a prepaid debt (aka a coupon, credit note, etc) is booked as a liability. On paper, and as direct import of transactions into GnuCash, this works However, I abandoned the brute force transaction method since I really like

Re: Pre-paid

Pre-payments are any associated payments with an account that are not assigned to bills/invoices. Since you unposted the invoice, the payment got unassigned. GC is usually good about restoring this assignment when you re-post the bill, but sometimes you have to fix things manually. This is