accrued expenses

[Thomas Baumgart]

Hi Alexandre,

On Freitag, 13. Juli 2018 14:02:03 CEST Alexandre Perali wrote:

> Hi Gary
> 
> Why not use a liability account for this?

I doubt that this will not provide the expected results. I tried that before I wrote my answer.

Regards

Thomas

> > Message: 2
> > Date: Fri, 13 Jul 2018 08:08:00 +0200
> > From: Gary Kirkpatrick <pegngary at gmail.com>
> > To: kmymoney at kde.org
> > Subject: accrued expenses
> > Message-ID:
> >         <
> > CADWOQ2TpUwqY+mf8VqOThmhqbdLG8xV7WjSmQigiH9CXwmw+fQ at mail.gmail.com>
> > Content-Type: text/plain; charset="utf-8"
> >
> > Sometimes we pay a bill for a service to be performed in a future month,
> > eg, airline tickets.  Say we pay for an airline ticket in December and use
> > it in May.  We want the expense to show up in the month of May.  So we
> > created an account called Payables and Receivables (P and R).  We show the
> > credit card payment as a transfer to the P&R account and create a
> > corresponding line item in the PR account with the apprpriate category and
> > the date we want the expense to appear.
> >
> > We use a Report by Payee to reconcile the R&P account - the balance for
> > each Payee should always be zero, and the total balance should always be
> > zero..  Sometimes it is not.  The problem is that when I run a report by
> > payee, the payee names for line items representing transfers do not appear,
> > making it impossible for me to figure out where the error is in the P&R
> > account.
> >
> > Is there another way I should use to reconcile the R&P account??
> >
> > thanks
> >
> >
> > gary
> >
> 

-- 

Regards

Thomas Baumgart

https://www.signal.org/       Signal, the better WhatsApp
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