newbie usage question
Chris Friedl
cfriedl@bigpond.net.au
Sat, 21 Oct 2000 02:00:09 +1000
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Hi gnucashers
So far I'm having fun with gnucash. But now I've hit a snag which is =
making me wonder whether I've been using the package properly. The case =
is this:
I have an income account and an expense account. The income is a salary. =
The expense is a loan. Also I have a bank account and a loan account. My =
salary goes into the bank account and loan repayments go into the loan =
account. So far, pretty simple I think.
But I'm not clear on how to enter a loan repayment. Perhaps this is =
obvious to someone (I hope so) but not to me. If I simply enter a =
transfer of funds from the bank account to the loan account, I have a =
credit in my bank account and a debit in the loan account. This shows =
the net cash flow nicely. But how do I get this to show up in my income =
and expense accounts? The only way I can think of is the following:
credit bank acc & debit income acc
credit income acc & debit expense acc
credit expense acc & debit loan acc
The net result is credit bank acc & debit loan acc. as expected, but =
nothig shows up in my income and expense accounts since the debits and =
credits cancel each other.
I'm sure I must be missing something fundamental here but I can't figure =
it out. I hope someone can give me some help before I get too far down =
the track.
Be Well and Happy Always
Chris
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<DIV><FONT face=3DArial size=3D2>Hi gnucashers</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>So far I'm having fun with gnucash. But =
now I've=20
hit a snag which is making me wonder whether I've been using the package =
properly. The case is this:</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>I have an income account and an expense =
account.=20
The income is a salary. The expense is a loan. Also I have a bank =
account and a=20
loan account. My salary goes into the bank account and loan repayments =
go into=20
the loan account. So far, pretty simple I think.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>But I'm not clear on how to enter a =
loan repayment.=20
Perhaps this is obvious to someone (I hope so) but not to me. If I =
simply enter=20
a transfer of funds from the bank account to the loan account, I have a =
credit=20
in my bank account and a debit in the loan account. This shows the net =
cash flow=20
nicely. But how do I get this to show up in my income and expense =
accounts? The=20
only way I can think of is the following:</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>credit bank acc & debit income =
acc</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>credit income acc & debit expense=20
acc</FONT></DIV>
<DIV><FONT face=3DArial size=3D2>credit expense acc & debit loan=20
acc</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>The net result is credit bank acc & =
debit loan=20
acc. as expected, but nothig shows up in my income and expense accounts =
since=20
the debits and credits cancel each other.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>I'm sure I must be missing something =
fundamental=20
here but I can't figure it out. I hope someone can give me some help =
before I=20
get too far down the track.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>Be Well and Happy Always</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>Chris</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV></BODY></HTML>
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