Splasm Software Discussions

a user community for the betterment of Splasmkind
It is currently Fri Mar 29, 2024 1:29 am

All times are UTC - 6 hours




Post new topic Reply to topic  [ 3 posts ] 
Author Message
PostPosted: Fri Jan 06, 2017 4:01 pm 
Offline

Joined: Fri Jan 06, 2017 3:41 pm
Posts: 4
The starting balance on a debt I owe a business is, say $1,000. I pay down the debt at $50 per month. How do I setup such an account?
Is the starting balance a plus(+) or minus(-) dollar amount?
Are monthly entries positive or negative amounts?

Thanks.


Top
 Profile  
Reply with quote  
PostPosted: Fri Jan 06, 2017 4:45 pm 
Offline

Joined: Mon Jul 20, 2009 8:27 pm
Posts: 303
Location: Norwich, England
Having never down this kind of thing myself, my guess is that it is much like setting up a credit card account. The balance you owe is a negative and should be entered as a debit (you'd want to begin the account in CBPro with a $0 balance). I.E. say your $1000 is for s new computer, just enter that as the first (and only?) debit transaction. That would give you your -$1000 balance. you would then pay that down by adding credit or deposit transactions. This would make your balance owed less after each entry. You can easily enter these as transfers between accounts in CBPro. Seems to me this should work for you.
Good luck!


Top
 Profile  
Reply with quote  
PostPosted: Fri Jan 06, 2017 5:30 pm 
Offline

Joined: Fri Jan 06, 2017 3:41 pm
Posts: 4
Thank you, prider.


Top
 Profile  
Reply with quote  
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 3 posts ] 

All times are UTC - 6 hours


Who is online

Users browsing this forum: No registered users and 17 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Powered by phpBB® Forum Software © phpBB Group


Home | Products | Support | Forum | Store | Contact | News | Privacy
Copyright © 2002- Splasm Software, Inc.