Questions on credit card accounting
Michael DeBusk
michael at nlphilia.com
Wed Sep 10 11:52:36 EDT 2008
Lee Hauser wrote:
> Does anyone have ideas how to show this in Gnucash? I'd like to get
> the account details in a QFX file from American Express, but that
> involves a third account to bring into the mix. I'd like an easy way
> to show our AmEx transactions as if they were cash
You might be surprised to learn that the way you're doing it is actually
MORE complicated than doing it "the right way". If you set up both...
Assets:Current:BankName:Checking
and
Liabilities:Revolving:CostCo American Express
...and make sure the first window that gnucash opens is your account
summary, you'll immediately see the difference between the two balances.
Just enter the charges in your AmEx account as you accrue them (or hook
up with the OFX on a regular basis).
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