Re: [SQL-Ledger-users] Documentation?

[Mark T. <ma...@fr...>]

> A checking account is an asset account.


I did have it marked as an 'Asset' account.

(Is this a Checking Account or a Chequing Account??)


<color><param>0000,0000,0000</param>> If you use the account to pay bills =
and deposit money received then check

> the box in the column Receivables -> Deposit and Payables ->

> Payment. This will include the account in the drop down lists


</color>As I illustrated previously this is exactly the way it was set up.=
 


<color><param>0000,0000,0000</param>> In your sample transaction you had n=
ot fully paid for the furniture

> thus leaving you with 175 outstanding in payables.


</color>So in /sql-ledger/ap.cgi?action=3Dadd 'Amount:' on row 6 means 'Ne=
t Amount:' ?

In the same form doesn't 'Paid:' mean 'Paid From:' ?


Again: the 'computer' was bought by my company for =A31,175 gross and I pa=
id =A31,175, from 
'Chequing' (Checking?). Please see my previous email below.


If I start with =A30 in Checking how can I still get =A31,175 credited to =
the 'Chequing Account' to give 
a total 'Credit' of =A31,175.00. ..... Surely I should have a 'Debit' of =A3=
1,175 in 'Checking', whichever 
way the VAT is accounted for ??


I'm a programmer not a mathematician, but is my math really that bad!? :)

I obviously don't understand what a 'Checking Account' really is. To me it=
 represents my Bank 
balance and available funds.


Mark


<color><param>0000,0000,0000</param>> > How should the Chequing account be=
 set-up? I have: 'Asset', 'Account', 'Receivables: Deposit', and

> > 'Payables: Payment'  checked.

> > 

> > What should be entered/selected in the A/P -> 'Add Transaction' form f=
ields for:

> > Amount:, VAT:, Paid:

> > I tried many daft things but this is the example I would most expect t=
o work:

> > 'Amount:'    1175   1820- Office Furniture & Equipment   (gross includ=
ing VAT)

> > 'VAT:'           175   2310-GST

> > 'Paid:'         1175   1061-Chequing Account

> > 

> > However, this results in an Accounts List showing:

> > Chequing Account  Credit 1175.00

> > Office Furniture & Equipment  Debit  1175.00

> > Accounts Payable  Credit  175.00

> > GST   Debit  175.00

> > 

> > Debit total  1350

> > Credit total 1350

> > 

> > Surely that can't be right :)


Mark Tiramani
FREDO Internet Services
ma...@fr...