Dear All GC friends,
In the previous financial year, there were some funds advanced to two different
persons for two different expense categories that appear in the account tree of
that year. In both of these accounts, there are now expenses to record to use
up those cash advances, and I have
Hi Anita.
I think I would record them at start of year in an asset account - something
like Assets:AdvancePaymentsMade. Then as you "use up" the pre paid expense,
transfer between Expenses:widgets and A:AdvPay so that the asset tends to
zero.
This presumes that if the expense didn't really ha
On Thursday, 18 May 2017 13:07:07 BST Anita Graves wrote:
>
> What is a widget?
>
A generic term for raw materials that one might buy to incorporate into a
finished product. I have no idea what your expenses are - so a generic term
seemed appropriate.
as in "this gadget uses a new design of
Maf,
Exactly—the bank shows our actual lump asset, but we care about the movement of
these ‘earmarked’ funds and keep them in our reports, so we know at a glance
how much spendable money in the bank we actually have, as opposed to what the
bank statment gives as our balance.
Anita
> On 18 May
> On May 18, 2017, at 5:39 AM, Maf. King wrote:
>
> On Thursday, 18 May 2017 13:07:07 BST Anita Graves wrote:
>
>>
>> What is a widget?
>>
>
> A generic term for raw materials that one might buy to incorporate into a
> finished product. I have no idea what your expenses are - so a generic
Speaking of Irish stout I plan to be brewing some this weekend, perhaps with
cherries. We might do a porter instead though, still deciding on recipes.
Stay thirsty,
Adrien
> On May 18, 2017, at 7:39 AM, Maf. King wrote:
>
> On Thursday, 18 May 2017 13:07:07 BST Anita Graves wrote:
>
>>
>> W
