Hey y'all
As a way of learning ledger-cli, I implemented the transactions from chapter 1 of 'The Accounting Game' book in ledger-cli.
However, I have a question about how to record expenses. I've posted my question here:
Thought I'd share here in case anyone has any suggestions.
Thanks!
It's often hard to get much traction for PTA questions over there. It looks like you are getting answered, but if not feel free to cc the question here.
[Related topic: PTA on money.stackexchange.com ]
sol
April 25, 2024, 3:45pm
3
My answer is quite a bit different from yours, @dharmatech . You've mistakenly considered "Owner's Equity" to be a "Liability". It isn't; it is a separate category.
2024-04-25 Initial Investment
Assets:Cash USD 5.00
Equity:Investment USD -5.00
2024-04-26 Mom and Dad | Investment
Assets:Cash USD 10.00
Liabilities:Notes-Payable:Mom-and-Dad USD -10.00
2024-04-27 Pappy's Grocery Store | Supplies ; 60 glasses' worth of inventory
Assets:Inventory:Lemons USD 10.00
Assets:Inventory:Sugar USD 2.00
Assets:Inventory:Water USD 0.00
Assets:Cash USD -12.00
2024-04-28 Lemonade Stall | Inventory Used ; 50 glasses made
Expenses:Cost-of-Goods-Sold USD 10.00
Assets:Inventory:Lemons USD -8.33
Assets:Inventory:Sugar USD -1.67
2024-04-28 Lemonade Stall | Sales ; 50 glasses sold
Assets:Cash USD 25.00
Income:Lemonade-Stall:Sales USD -25.00
2024-04-29 Mom and Dad | Glass Rental
Expenses:Glass-Rental USD 2.00
Assets:Cash USD -2.00
2024-04-29 Best Friend | Advertising
Expenses:Advertising USD 1.00
Assets:Cash USD -1.00
2024-04-29 Neighbour | Advertising & Rent
Expenses:Rent USD 2.00
Assets:Cash USD -2.00
2024-04-29 Mom and Dad | Investment | Repayment
Liabilities:Notes-Payable:Mom-and-Dad USD 10.00
Assets:Cash USD -10.00
2024-04-29 Booking of Weekly Profits
Equity:Earnings-Week-to-Date USD -10.00
Income:Lemonade-Stall:Profit USD 10.00