Re: [SL] Service company; ad-hoc parts, parking/fuel expenses

[Rich S. <rsh...@ap...>]

On Mon, 6 Apr 2009, Alan Murrell wrote:

> Based on the feedback, I have created a new "Expenses" category that I
> have entries for "Fuel", "Parking", and "Meals". I will add to it as
> necessary if I come across any other expenses I may need (such as paying a
> deposit for a client to drop a hard drive off for recovery, etc.).

   I get the impression that you do not have a Chart of Accounts set up. If
that's correct, I encourage you to do so.

> I will just use GL transactions (which I think is the same as "AP/add
> transaction"?  I am not in front of PC I can check that form at the
> moment)

   Not really. Accounts Payable is a journal. Transactions in journals are
also posted to the General Ledger. You use Accounts Payable to enter
invoices you receive from vendors, and you pay them using the Cash module.

   Your local library probably has a basic accounting book that could be
useful to  you.

Rich

-- 
Richard B. Shepard, Ph.D.               |  Integrity            Credibility
Applied Ecosystem Services, Inc.        |            Innovation
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