[moneydance] Charging Off an Automobile Lease

[Phil Kane]

On Fri, 2 Mar 2007 11:56:21 -0600, Fuzzy Fox wrote:

>Money appears and disappears all the time.  Expense accounts are where
>it disappears to, and Income accounts are where it appears from.

  A simpler solution:

  Set up an account called "Auto Lease".  It doesn't matter
  whether it's an Income  or Expense account, and perhaps you
  have such an account set up already to track auto lease
  payments.

  Transaction 1 - "Deposit" the rebated amount.  Everyone knows
  that one can deposit to "expense" accounts and deduct
  "payments" from "Income" accounts.  Make a suitable memo
  record.

  Transaction 2 - "Payment" the rebated amount.  That "zeros" the
  transactions but keeps the "paper" trail.  Make another
  suitable memo record.

  This is very little different from transferring an amount from
  the Savings Account to the Checking Account and writing a check
  for the same amount. - an activity which I do all too often!

--
   Phil Kane

   From a Clearing in the Silicon Forest
   Beaverton (Washington County)  Oregon