Cannot make sub-accounts balance

[Derek Atkins]

No.  They should be assets if they are merchant accounts.

If that doesn't balance it out for you, can you resend the screen shot and
include the Account Type column?

-derek

Quoting Blair Lowe <gnucash at zedemail.ca>:

> Thanks Beth,
> 
> Note that those are merchant VISA and MC accounts so they are not for
> cards, but rather funds received from sales through VISA and Mastercard
> merchant accounts.
> 
> If this is the case, should they still be liabilities?
> 
> Blair.
> 
> On Thu, 2005-04-21 at 18:25, Beth Leonard wrote:
> > On Wed, Apr 20, 2005 at 10:35:26AM -0600, Blair Lowe wrote:
> > > In the accounts screen, the subgroup accounts do not equal the subgroup
> > > total on many accounts.
> > 
> > Hi,
> > 
> > We figured it out in #gnucash on IRC (thanks to OliveLove & Warlord).
> > You have two liability accounts (Mastercard and Visa) totalling
> > under the assets.  An accountant could explain it better than I,
> > but a negative total in a liability account is the exact opposite
> > of an asset.  So, when the assets are totaled including the negative
> > balances on the credit cards they add the opposite of how they
> > are listed in human readable form.  (A negative balance on the
> > credit card is like you paid ahead in advance, and can be thought
> > of as an asset.  It should add to your total assets, not subtract
> > from them.)  If you add the sub-accounts by hand treating the
> > credit card accounts in the opposite direction of how they are
> > listed, you will find that the total matches correctly.
> > 
> > Typically, liability accounts like credit cards are not children of
> > the "Assets" accounts tree.  To move them under the "Liability" account
> > tree, single click on the account in the main window, then click
> > on the Edit button (fourth from the left).  Under Parent Account,
> > select "Liabilities."
> > 
> > It looks like under your Assets account you have many types of
> > accounts, including expenses like payroll.  Typically things
> > like that are listed under the top-level "Expense" account.  This
> > will help with the pre-defined reports down the line.
> > 
> > --Beth 
> > +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
> > +                             Beth Leonard                          +
> > +       O say, does that star-spangled banner yet wave              +
> > +       O'er the land of the free and the home of the brave?        +
> > +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
> -- 
> .ca DOMAINS:    https://www.domainsunder.ca     Computer Engineering Inc.
> Tel 780 450 8494 or TOLL FREE 1 877 968 7626 (9-5 Mountain Time)
> 
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> 


-- 
       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