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Where I live we have an app where we can transfer cash to each other. This morning for example, my girlfriend sent me 3750 so that I'd send 7500 to our landlord for rent. Where would i get these funds received from her in gnucash? I put the expense under the correct expense account but wouldn't this cash i received from her skew my "income" if i put it there? I guess the whole rent falling on me also would skew my expenses. How would you people do this?

Thanks in advance.

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You are right that the whole rent should not fall on yourself, unless your "business entity" represents joint ownership of assets.

On the day where the rent is due according to lease agreement:

DR Expense:Rent 3750

DR Current Asset:Receivables/Debtors:Girlfriend 3750

CR Current Asset:Bank 7500

On the day where the share of rent was received from girlfriend:

DR Current Asset:Bank 3750

CR Current Asset:Receivables/Debtors:Girlfriend 3750

Note that depending on whether the girlfriend pays in advance or in arrears, Debtor could become Creditor instead.

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  • I'm new to the terminology here, what does DR and CR mean ? – DakkVader Apr 24 at 15:07
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    Sorry. Debit and Credit in GNUCash. en.wikipedia.org/wiki/Debits_and_credits – base64 Apr 24 at 15:07
  • I'm not sure i quite follow, would it be possible for you to summarize it in words ? Who is the "bank" account in this scenariou up here? I almost understand it – DakkVader Apr 24 at 15:13
  • Everything is "You". Your Rent, Your Girlfriend, Your Bank Account. – base64 Apr 24 at 15:15
  • So she sends me the money in advance. How can i add a balance into "current asset receivables/debtors" without it going to imbalance, where does this come from ? – DakkVader Apr 24 at 15:16

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