Reconciling credit card (liability) accounts
Maf. King
maf at chilwell.net
Thu Aug 19 12:25:26 EDT 2004
On Thursday 19 Aug 2004 17:15, Ashvin Goel wrote:
> I have a problem with reconciling my credit card (liability) accounts
> that doesn't seem to occur with my bank (asset) accounts. With a credit
> card account, when reconciling the account, I put the "Cleared" amount
> in the ending balance when the first reconcile window pops up. On
> pressing "Ok", I get the second reconcile window that shows that the
> difference is 0.00. This is expected behavior. Then I press the "Finish"
> button and now a "Transfer Funds" window pops up that asks me to
> transfer the same "Cleared" amount from one of my bank accounts to this
> credit card account. I think this latter window is incorrect because the
> second reconcile window shows that everything is reconciled correctly
> (difference is zero). This problem does not occur when reconciling my
> bank account. Does anybody else have a similar problem or is there
> something wrong I am doing?
>
> Ashvin
>
Hi Ashvin,
I think that what you are describing is the "pay credit card bill" dialog box.
Gnucash assumes that once you have been sent a statement by your credit card
company, (and reconciled all ok) that you will be paying (some of) that
balance as a transfer from eg. a bank checking account.
You can turn this off in (Main window) Edit | Preferences | Reconcile |
Automatic Credit card payments
HTH,
Maf.
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