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| Do you have a cash account for money in your pocket? If so, transfer from the liability to the cash account. If not, put some Food:Groceries (or whatever) expense in the liability account until the cash share is paid down. <psandler70[at]hotmail.com> wrote in message news:1129355290.316093.316340[at]f14g2000cwb.googlegroups.com... - quote - > All, > I'm sure variations on this question have been asked before, but I > can't seem to find an answer that makes sense in my situation. > I have a cash account that I use for loaning money, borrowing money, > etc. I call it Misc. Assets and Liabilities. I've used this > successfully in the past when I've floated someone money--for example, > I bought my mother's computer on my credit card. She sent me a check, > I put the deposit against that account, and all was well. > In my current situation, I pre-paid my volleyball team fees. The total > was $360, $60 of which was for myself. Representing the loan was no > problem--I split the payment so that $300 went into my "misc." account. > At least one member of my team will likely pay me in cash. How can I > represent this repayment in Money without actually making a cash > deposit? > Thanks in advance for any insight. > Phil |
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| All, I'm sure variations on this question have been asked before, but I can't seem to find an answer that makes sense in my situation. I have a cash account that I use for loaning money, borrowing money, etc. I call it Misc. Assets and Liabilities. I've used this successfully in the past when I've floated someone money--for example, I bought my mother's computer on my credit card. She sent me a check, I put the deposit against that account, and all was well. In my current situation, I pre-paid my volleyball team fees. The total was $360, $60 of which was for myself. Representing the loan was no problem--I split the payment so that $300 went into my "misc." account. At least one member of my team will likely pay me in cash. How can I represent this repayment in Money without actually making a cash deposit? Thanks in advance for any insight. Phil |
| Tags |
| back, cash, floated, loaned, money, paid |
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