From c26a209234bc162010adc77676bb8a8603996921 Mon Sep 17 00:00:00 2001 From: Simon Michael Date: Thu, 11 Apr 2024 12:14:34 -1000 Subject: [PATCH] faq: updates --- src/FAQ.md | 16 +++++++++++++--- 1 file changed, 13 insertions(+), 3 deletions(-) diff --git a/src/FAQ.md b/src/FAQ.md index c204d55..a42f141 100644 --- a/src/FAQ.md +++ b/src/FAQ.md @@ -175,11 +175,21 @@ Some PTA tools allow flipping the minus signs, or showing debit and credit termi ### Which account type are loans ? -If you are the lender, in your ledger it's an asset. Eg assets:loans:PERSON or assets:receivable:BORROWER. +If you are the lender, in your ledger it's an asset. Eg `assets:loans:PERSON` or `assets:receivable:BORROWER`. -If you are the borrower, in your ledger it's a liability. Eg liabilities:debts:PERSON or liabilities:payable:LENDER. +If you are the borrower, in your ledger it's a liability. Eg `liabilities:debts:PERSON` or `liabilities:payable:LENDER`. If the loan is terminated without being fully repaid, eg by being forgiven, -in your ledger the remaining amount becomes an expense (if you are the lender) or revenue (if you are the borrower). +in your ledger the remaining amount becomes an expense (if you were the lender) or revenue (if you were the borrower). - [[Borrowing and Lending]] + +### Which account type are pre-paid commuter passes, credits at a business, etc ? + +If you would like to track them in detail, record them as pre-paid assets. +Eg `assets:prepaid:rail-card` or `assets:prepaid:yoga-studio`. +You can record them either in your base currency, or with a dedicated commodity symbol, like `CLASSES`. +As you use them, transfer/convert them to expenses. + +If you don't need such detail you can record their full amount as an expense on the purchase date, and not track them further. +