[SOLVED] Re: creditcard reconciliation impossible
abonnema at xs4all.nl
Fri Jun 23 06:53:30 EDT 2006
A.J. Bonnema wrote:
> So I went to create the "accounts/payable". But where to create it?
> Is it an asset or liability? I think not. Neither is it an income or
> expense account. That leaves me with an equity account: would that be
(slightly embarressed) [I should have] checked the docs first. This one
*is* mentioned, albeit as a business account.....
Anyway, it's a liability too.
Problem solved I guess. What I do now is enter all payments from the
creditcard as a charge, then enter the statement from the creditcard
company as a payment to the accounts-payable account.
Then, when the bank statement arrives a week later, I enter the payment
to the creditcard from the bank to the accounts-payable account.
Everything reconciles, everyone happy, GNUCash, me, and who knows who else!
Thanks for the hints, Wouter!
A.J. Bonnema, Leiden The Netherlands,
user #328198 (Linux Counter http://counter.li.org)
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