[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 on a regular basis. My question is what category is this card and how do I treat additions and subtractions from it? I initially thought it might be treated as a credit card but the way it operates it's obviously not. Any advice would be much appreciated *Tony Vanson* *The older I get,* *the better I was* ___ 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.
Re: [GNC] Accounting for a pre-paid electronic toll card
I would treat it as an asset. When putting money on the card you would debit the card and credit checking or credit card, however you pay for it. When traveling you would debit tolls or auto expense or similar account and credit the card. Sent from Samsung Galaxy smartphone. 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 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 on a regular basis. My question is what category is this card and how do I treat additions and subtractions from it? I initially thought it might be treated as a credit card but the way it operates it's obviously not. Any advice would be much appreciated *Tony Vanson* *The older I get,* *the better I was* ___ 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. ___ 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.
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 > subtractions from it? > I initially thought it might be treated as a credit card but the way it > operates it's obviously not. It's an asset — something you have of value — that is measured in dollars. So, create an Asset account for it. When you top it up, you move money from your cash account to the toll card account. When you use it to pay tolls, move money from the toll card account to Expenses:Transportation:Tolls or whatever expense category makes sense for you. In my own case I have a category under Assets just for all these restricted assets that can only be spent on certain things, but that categorization is up to you. By the way: The only difference between the way you use this and the way you use a credit card account is that the payments come before the usage rather than after. If you were to change GnuCash's setting for “Reverse balanced accounts” to “None”, then all account types would work the same way, so that your credit card account would appear as having a negative balance — because it's a liability, an opposite-of-value to you. ___ 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.
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 pre-paid card to Expenses->Toll. Cheers. > Date: Tue, 18 Oct 2022 22:54:28 +0700 > From: Tony Vanson > To: gnucash-user > Subject: [GNC] Accounting for a pre-paid electronic toll card > Message-ID: > > Content-Type: text/plain; charset="UTF-8" > > 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 on a regular > basis. > My question is what category is this card and how do I treat additions and > subtractions from it? > I initially thought it might be treated as a credit card but the way it > operates it's obviously not. > Any advice would be much appreciated > *Tony Vanson* > > ___ 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.
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 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 subtractions from it? I initially thought it > might be treated as a credit card but the way it operates it's obviously > not. Any advice would be much appreciated *Tony Vanson* I have Assets:Current Assets:Prepaid:Dart-Charge to which I move funds from (usually) a credit card and from which I subtract the charges as I incur them. ___ 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.
Re: [GNC] Accounting for a pre-paid electronic toll card
Thank you Devaps, that clears my head 🤕 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 the card, record a transfer between the 2 asset accounts > above. > > When you pay toll, record a transfer from Assets->Toll pre-paid card to > Expenses->Toll. > > Cheers. > > > Date: Tue, 18 Oct 2022 22:54:28 +0700 > > From: Tony Vanson > > To: gnucash-user > > Subject: [GNC] Accounting for a pre-paid electronic toll card > > Message-ID: > > < > cacnjauczzekyqroourhg7fkga7nf7s0r_zlndhys74318gh...@mail.gmail.com> > > Content-Type: text/plain; charset="UTF-8" > > > > 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 on a > regular > > basis. > > My question is what category is this card and how do I treat additions > and > > subtractions from it? > > I initially thought it might be treated as a credit card but the way it > > operates it's obviously not. > > Any advice would be much appreciated > > *Tony Vanson* > > > > > ___ > 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. > -- *Tony Vanson* *The older I get,* *the better I was* ___ 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.
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 a pre-paid electronic toll card Thank you Devaps, that clears my head 🤕 On Tue, Oct 18, 2022 at 11:25 PM <[1]dev...@asia.com> 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 the card, record a transfer between the 2 asset accounts above. When you pay toll, record a transfer from Assets->Toll pre-paid card to Expenses->Toll. Cheers. > Date: Tue, 18 Oct 2022 22:54:28 +0700 > From: Tony Vanson <[2]tonyvan...@gmail.com> > To: gnucash-user <[3]gnucash-user@gnucash.org> > Subject: [GNC] Accounting for a pre-paid electronic toll card > Message-ID: > <[4]CACnjAucZzeKyqrOOUrHg7Fkga7Nf7S0R_zLNDHYs74318GH_EQ@mail.gmail.c om> > Content-Type: text/plain; charset="UTF-8" > > 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 on a regular > basis. > My question is what category is this card and how do I treat additions and > subtractions from it? > I initially thought it might be treated as a credit card but the way it > operates it's obviously not. > Any advice would be much appreciated > *Tony Vanson* > > ___ gnucash-user mailing list [5]gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: [6]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. -- Tony Vanson The older I get, the better I was References 1. mailto:dev...@asia.com 2. mailto:tonyvan...@gmail.com 3. mailto:gnucash-user@gnucash.org 4. mailto:cacnjauczzekyqroourhg7fkga7nf7s0r_zlndhys74318gh...@mail.gmail.com 5. mailto:gnucash-user@gnucash.org 6. https://lists.gnucash.org/mailman/listinfo/gnucash-user ___ 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.
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 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 on a regular basis. My question is what category is this card and > how > > do I treat additions and subtractions from it? I initially thought it > > might be treated as a credit card but the way it operates it's obviously > > not. Any advice would be much appreciated *Tony Vanson* > > I have > Assets:Current Assets:Prepaid:Dart-Charge > to which I move funds from (usually) a credit card > and from which I subtract the charges as I incur them. > > > ___ > 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. > -- *Tony Vanson* *The older I get,* *the better I was* ___ 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.
