Don't understand imbalance

[Tim Wunder]

On Friday 21 November 2008 04:37:00 pm Robert Heller wrote:
> At Fri, 21 Nov 2008 13:15:36 -0800 (PST) hh6199 at yahoo.com wrote:
<snip>

I'm going to have to agree with Robert on this one. I used to handle the 
credit card transaction like Harold, as one large split in an entry in my 
checking account. I now have a Credit Card liability account where I enter 
all the purchase transactions. They are simple credit/debit transactions to 
the proper expense account (occasionally, I'll throw a split transaction in 
there, but that's pretty rare). When I pay my credit card bill, it's a simple 
credit/debit transaction in my Checking account, relieving the liability.
It is far easier and makes much more sense. No splits necessary, no 
Imbalances.

Tim
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