Credit Card Account...

[Derek Atkins]

Hi,

Davey Benson <the.lounge at btconnect.com> writes:

> Hi really enjoying GunuCash but trying to figure out this one...
>
> Under Liabilities I have Credit Card so I've entered some purchases 
> under payments, say to the tune off £250 then transfered £250 from my 
> current account which is in Assets. Credit Card Account is showing -£10 
> when it should be in the black and purchases are also shown in black 
> despite being a charge on the card - Just a bit confused and probably 
> missing something very simple :)

Yeah, you messed up.  Your purchases should appear as a CHARGE to
your credit card, because it's a credit to CC and debit to Expense.
You entered them backwards.

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-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