Debit/Credit vs. Deposit/Withdraw in Edit->Preferences [was
Applying Scheduled Payment Kills Program]
greggfowler at gmail.com
Tue Jan 24 06:42:32 EST 2006
On Mon, 2006-01-23 at 23:43 -0800, Beth Leonard wrote:
> On Mon, Jan 23, 2006 at 09:32:36PM -0600, Gregg Fowler wrote:
> > Thanks for
> > both of you helping. I do find the debit and credit opposite of the way
> > I would think of things. Until I saw that debit was taking money in and
> > credit method sending out, I kept getting the transactions backwards for
> > a while. I think I have the hang of it now. Well, I least the basics of
> > what I need to get started.
> Debit/Credit is specific accounting terminology. To view the
> column headings in layman's terms, you may wish to go to
> Edit->Preferences->Accounts(top option on the left)->
> uncheck the "Use Accounting Labels" box.
> Then your columns will say "Deposit" and "Withdrawl" instead
> of "Debit" and "Credit" in your check book register. For
> your credit card the columns will say "Payment" and "Charge"
> etc. so that it's easier to know which column to type your
> numbers into.
> + Beth Leonard +
> + O say, does that star-spangled banner yet wave +
> + O'er the land of the free and the home of the brave? +
To me they just sound opposite of what you are actually doing. I think I
will change the setting.
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