On Sat, 10 Dec 2022 at 00:01, David Cousens <davidcousen...@gmail.com> wrote:
> David > > I treat my Paypal account as a Liability account, As I wrote earlier, I treat mine as an Asset. To use the business features, so you have the vendor record, I would have a > separate PayPal Liability account. On purchase record the bill to credit > Accounts payable and debit the appropriate expense account as normal. To > record > PayPal paying the vendor, debit the Accounts Payable and credit the Paypal > Liability, essential make a payment from the Paypal Liability account. I > don't > know if the account checking on the business features payment process will > prevent this or not. > > Then to record the transfer of funds from your bank account to Paypal > credit the > bank account and debit the Paypal liability account. > Thank you for the suggestion. I tried that, by creating Liabilities -> Accounts Payable -> PayPal (GBP) Then I created a billl, and posted it to that account. However, when I paid the bill from my bank account, there's no record of the transaction in Assets -> PayPal (GBP) account. The only record of the transaction is in the bank account. All I have achieved is creating another Accounts Payable account, with a different name. There's no connection whatsoever between that and the PayPal account. I must be doing something wrong. > David Cousens > Dave _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
