Need help in double entry

Joined
Dec 10, 2017
Messages
1
Reaction score
0
Country
Pakistan
Hi all,
I need some advice setting up double entry system accounts.

I am construction a house in partnership with someone.
He sends money to my father's bank account and I take money from my father whenever I need.
I may take a round figure and make expenses from them and later return the remaining amount back to him.
What accounts should I make and how to go about with this transaction?

Thanks in advance!
 

Fidget

VIP Member
Joined
Jan 6, 2013
Messages
759
Reaction score
139
Country
United Kingdom
I think double entry might be too advanced for your needs. By the sounds of it, all you have to do is keep a log of what's been paid by you and what's owed to you.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

No members online now.

Forum statistics

Threads
11,776
Messages
27,841
Members
21,816
Latest member
Georgeroaph

Latest Threads

Top