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!
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!