Re: Handling Employee Expenses

[Michael Richardson <..hidden..>]

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>>>>> "Luke" == Luke  <..hidden..> writes:
    Luke> I am trying to figure out the best way to book the following
    Luke> expense scenario...

    Luke> Company A needs a piece of inventory.

    Luke> An employee buys that inventory personally from company B.

    Luke> Customer pays company A.

  My solution does not scale, but it works well for small companies.

    Luke> I want company B to be a vendor of company A, because in
    Luke> future transactions, it is likely that purchases will be
    Luke> direct.

    Luke> So I can create a vendor entry for company B.

    Luke> However, how do I move money around within accounts, to pay
    Luke> the employee instead of the vendor itself?  Or some how
    Luke> indicate that company A is paying company b via the employee?

  I created a banking account, "Michael Richardson Expenses", and I 
pay Company B from this account.  It goes negative, so I create an AP
Transaction that then fills this account, and issue a checque to
"Michael Richardson"

- -- 
]       He who is tired of Weird Al is tired of life!           |  firewalls  [
]   Michael Richardson, Sandelman Software Works, Ottawa, ON    |net architect[
] ..hidden.. http://www.sandelman.ottawa.on.ca/ |device driver[
   Kyoto Plus: watch the video <http://www.youtube.com/watch?v=kzx1ycLXQSE>
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