Ah, I missed the part about reimbursements.
I cover that too in my chart with Assets:Current Assets:Reimbursements
and then sub accounts for each person/entity that I get reimbursed from.
(or that I reimburse)
Technically, the latter could be considered a liability, but since the
balance might go either way with some people at different times, I just
keep them all under Assets and pay attention to 'normal' or 'reverse'
balances.
The part of my tree about travel is strictly my own expenses - not on
behalf of someone else.
Regards,
Adrien
On 11/14/22 2:27 PM, Adrien Monteleone wrote:
I'm not sure there is a 'recommended' method. (and that would be an
'accounting' question anyway)
However, I have the following in my account tree:
Expenses:
-Entertainment:
-Travel:
-Food
-Lodging
-Transportation
That way I can keep those separate from my 'everyday' expenses that are
similar.
My chart of accounts has turned more into a 'purpose' driven model than
a 'categorization' model.
When/if reporting becomes more flexible, this may change and I may
consolidate some accounts again and resort to tagging.
Regards,
Adrien
On 11/14/22 2:08 PM, Esteban Maringolo wrote:
What is the recommended account setup and procedure to track
travel expenses (and refund of these) when I use my personal accounts
(cash/credit card) to pay these?
I don't want the travel expenses to mix with my regular "monthly"
expenses,
although I'd like to split them into different categories (food, gas,
hotel, etc.).
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