Credit Card Installment

[Derek Atkins]

Nah, no need to go that far.
First, A/P accounts are only for businesses, and shouldn't be used for
hand entry.
Second, just use an account of type CreditCard.

-derek

Quoting Youssef Ltaief <ltai0001 at yahoo.com>:

> create an account payable under liability for your credit card
>
> when you purchase, transfer 50 bucks to that account payable
> deduct the payment of 25 every month
>
>
>
> ----- Original Message ----
> From: Douglas <douglashm at gmail.com>
> To: warlord at mit.edu
> Cc: gnucash-user at gnucash.org
> Sent: Wednesday, October 15, 2008 9:14:42 AM
> Subject: RE: Re: Credit Card Installment
>
> txs Derik,
>
> but my question is about installment payment Situation A:  I bought a 
> watch 50 bucks down using my Credit Card...so I transfer from 
> Liability>CC>Visa to Expenses>Shops....and when my bill comes..I'll 
> transfer from Asset>Saving to Liability>CC>Visa ....that's fine to me.
>
> my question:  I bought a watch 50 bucks, to pay in 2 months (2x25.00)...
> how do i handle this situation?? ...transfer $50.00 from 
> Liability>CC>Visa to Expenses>Shops..when my bill comes I'll transfer 
> $25.00 from Asset>Saving to Liability>CC>Visa ...and the next month I 
> 'll transfer the last installment ($25.00 bucks )...??
>
>
>> Hi,
>>
>> "Douglas H. M." writes:
>>
>>> Hi,
>>>
>>> How do I manage the credit card purchases paid in 12 months , for example?
>>>
>>> do I transfer the principal value (total) from Liability to Expense and
>>> every month I transfer a value (installment) from Saving to Liability?
>>
>> Yes.
>>
>> Every time you make a purchase it's CC -> Expense. Every time you
>> make a payment it's Checking -> CC.
>>
>>> txs
>>
>>> Please remember to CC this list on all your replies.
>>> You can do this by using Reply-To-List or Reply-All.
>>
>> -derek
>>
>> --
>> Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
>> Member, MIT Student Information Processing Board (SIPB)
>> URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH
>> warlord at MIT.EDU PGP key available
>>
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-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available