Re: Payments and Receipts

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Hello,
I have exactly the same problem. How do you guys record cash expense=20
without invoice ?

 =09-vlado


On Mon, 15 May 2006, David J wrote:

> Hi list
> Learning some basics of SL.
> Purchasing and selling seems OK.
> But what is the simplest method to enter payments for non-purchasing cost=
s ?
> Chapter 11 of manual is not much guidance for a newbie.
> Consider payments such as wages, rent, and other expenses for which there=
 is no invoice, so we don't bother with a vendor.=A0 Just wishing
> to debit the expense and credit the bank account as usual when paid.
> Does this have to be done by journal entry ?
> I'd like my users to enter these as payments, and let SL create the credi=
t side of the entry.
> Should I create a dummy vendor called wages, and then treat the payment a=
s a "pre-payment".
> Does this cause other problems ?
> Similar (but less frequent) issues for receipts from non-customers, eg pr=
oprietor putting funds into the business as a loan, or
> investment business receiving stock dividends.=A0 Can these be entered as=
 receipts, and again keep users away from Journal entries ?
> TIA's
> David J
>=20
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