Hi ,
It looks like you're using an ad blocker.



The revenue generated from the adverts on the site is a critical part of our funding - and it's because of these ads that I can offer the site for free. But using the site for free AND blocking the ads doesn't feel like a great thing to do, which is why this box is so large and inconvenient. Some sites will completely block your access, but I'm not doing that - I'm appealing to your good nature instead. Did you know that you can allow ads for specific sites, whilst still blocking them on others?

Thanks,
Ian Williams aka Fetch
or for an ad-free Fetcheveryone experience!

Home book keeping for the compleat Fetchie

8 watchers
GregP
GregP
Aug 2022
10:53am, 19 Aug 2022
138,444 posts
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GregP
Be gentle, for I am just a simple soul.
GregP
GregP
Aug 2022
10:56am, 19 Aug 2022
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GregP
I but a widget today for £10,000. I put in in my home spreadsheet as an entry in the outgoings. Job done.

With me so far? Good.
Dooogs
Dooogs
Aug 2022
10:56am, 19 Aug 2022
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Dooogs
I just used a basic for spend monitoring when we were skint. I can imagine some fancy software where you could e.g. import your credit card and bank statements and then tag entries with categories, would be helpful, though...
Dooogs
Dooogs
Aug 2022
10:57am, 19 Aug 2022
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Dooogs
Ahhh, it's a narrative... :)
GregP
GregP
Aug 2022
10:58am, 19 Aug 2022
138,446 posts
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GregP
But suppose the salesperson at Widgets-R-Nosotros offers me interest free credit? So the £10,000 can stay in my bank account earning a teeny-tiny bit of interest and I pay it back in £1,000 instalments over the next 10 months.

What do I do with my spreadsheet?

Please be gentle. And no pointing-and-laughing.
GregP
GregP
Aug 2022
10:58am, 19 Aug 2022
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GregP
Yes, sorry Dooogs, should have been one post.
Dooogs
Dooogs
Aug 2022
11:01am, 19 Aug 2022
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Dooogs
I'd be minded to do it on a cashflow basis (i.e. recognise zero expenditure now, and include the instalments as paid off instead).

Not how you'd do it in a company (I'm assuming you're not bothering with a balance sheet, depreciation, etc) but you presumably don't need to get this audited at year-end... :)
GregP
GregP
Aug 2022
11:04am, 19 Aug 2022
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GregP
I have more idea what the second sentence means than the first.

I'm sure what you said was very well intentioned, but it made as much sense as VLOOKUP would to my father*
GregP
GregP
Aug 2022
11:05am, 19 Aug 2022
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GregP
*late father
Dooogs
Dooogs
Aug 2022
11:07am, 19 Aug 2022
8,996 posts
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Dooogs
Hahaha, sorry.

Right, I'd:

a) Record nothing for the day of purchase;
b) Record the 10 x £1,000 instalments over the next ten months;
c) Don't forget the interest income if you're being fussy over everything tying up to the penny :)

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Be gentle, for I am just a simple soul.
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