Confused.. why are my expenses "profits"

James Kerr jim at jkerr82508.free-online.co.uk
Thu May 7 16:56:32 EDT 2009


On Thursday 07 May 2009 Timber82 wrote:

> I iddnt create the accounts my self they were auto created when i
> first set up the program, however at this time, the accounts under
> expense "Expense:dining,) they show up as black, and at the bottom
> it
>
> I went to my credit card page, and I debited a charge to my credit
> card (say $33) then I would credit it to the Expenses:dining
> account but now the expenses account is considered positive cash
> flow.
>

You've reversed the debit and credit. When you pay for something with 
your credit card you should debit the expense and credit the credit 
card account.

Jim


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