On Mon, Aug 6, 2018 at 2:00 PM Baldero Mendoza <bzy...@gmail.com> 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 handle
it. Google Play shows up two different ways in my accounting.
First, it is a store at which you can buy things. Therefore, if you buy a
thing you should have an expense account for it — and you can have as many
different ones as you feel like grouping your expenses in. Some of mine are
like:
Expenses:Entertainment:Movies & Music
Expenses:Computer Software
If you like you could have a 'Expenses:Google Play' account instead, but I
like to group by what things are and not who I bought them from, for the
most part.
You can pay for things with either a credit card directly or with your
"Google Play balance". So, Google Play is a place where you can pre-pay and
have a *positive* (to you) balance. This means it is an *asset* (not a
liability). For myself, because I have several things that act like this, I
have a category for assets that are a dollar amount that can only be spent
on some things (pre-paid balances, store credit), called "Restricted", so I
have the account
Assets:Restricted:Google Play
So let's say someone gives me a Google Play gift card. I enter that as a
transaction going from Income:Gifts to Assets:Restricted:Google Play.
Then I decide to buy an app for my phone on Google Play. That's a
transaction going from Assets:Restricted:Google Play to Expenses:Computer
Software.
If instead my Google Play balance is zero when I buy something, that's a
transaction going from Liabilities:Credit Card to Expenses:Computer
Software. If it's not enough to cover the transaction, I haven't actually
found out what happens but I would assume you pay using two methods, so
that's just a split transaction.
_______________________________________________
gnucash-user mailing list
gnucash-user@gnucash.org
To update your subscription preferences or to unsubscribe:
https://lists.gnucash.org/mailman/listinfo/gnucash-user
If you are using Nabble or Gmane, please see
https://wiki.gnucash.org/wiki/Mailing_Lists for more information.
-----
Please remember to CC this list on all your replies.
You can do this by using Reply-To-List or Reply-All.
