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Posted by mcp6453 on February 25, 2007, 9:07 pm
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Doug wrote:
> mcp6453 wrote:
>
>>
>> Thank you for your suggestion, but I already know the difference
>> between liabilities and assets and even debits and credits. Taking an
>> accounting course seems like overkill just to get an answer to a
>> simple question.
>
>
> Back up, Scooter. Your original message ("a check that I wrote as a
> personal loan that I made to someone? I assume that it is an expense....
> ") makes it quite clear that you don't understand the difference
> between buying an asset and incuring an expense. Quicken is a
> bookkeeping program, and watching people use it who don't know
> bookkeeping is painful.
Thanks, Doug. That's really helpful.
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