How to add a share expense with another person?
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I would like to add a monthly bill (say rent or car payment) that I share with someone else. For record keeping purposes, I'd like to know the total bill, but how to I only show my portion on my checking account tab?
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I would create a pseudo account for the other person and split the transaction between your checking account and the pseudo account.0
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Good idea. I would do the same.I would create a pseudo account for the other person and split the transaction between your checking account and the pseudo account.
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There are a few ways you can handle a shared expense. Using a split transaction, you may use an entry to reflect the portion paid by someone else. Let's say rent is $1000 and you're only paying $600. In the split transaction, there would be an entry of $1000 for rent and an entry reflecting a reduction $400 paid by someone else for a total of $600. You can use a distinct category for the reimbursement or rely on a memo or a tag for reports.0
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Thank you for your help! I like the idea of the Pseudo Account. I was thinking about that as well... but didn't know if there was a better way0
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