Double entry accounting with "double entry statement import"

Paweł Zając pavzaj at gmail.com
Tue Jul 13 08:22:24 EDT 2010


 I am absolutely fresh to accounting, and maybe my English isn't goog enough
to explain my problem. I'll try to explain what I do:


   1. I download statements from my checking and savings accounts (separate
   OFX files)
      1. In my checking account statement I have following transactions:
         1. 2010-06-02 "Money  from Mr. Smith" 500 units
         2. 2010-06-02 "Money out to saving account" - 500 units (minus)
      2. In savings account statement  I have:
         1. 2010-06-02 "Money in to saving account"  500 units (corresponds
         to transaction 2 in checking account)
      2. I impotrt these statements to gnucash and I have:
      1. Checking
         1. 2010-06-02 "Money  from Mr. Smith" |Transfer:Imbalance
         |Deposit:500 |Withdrawal:_
         2. 2010-06-02 "Money out to saving account" |Transfer:Imbalance
         |Deposit:_ |Withdrawal:500
      2. Saving
         1. 2010-06-02 "Money in to saving account" |Transfer:Imbalance
         |Deposit:500 |Withdrawal:_
      3. I try to do the accounting register and I set transaction 2 form
   Checking as a transfer to Saving and so I have:
      1. Checking
         1. 2010-06-02 "Money  from Mr. Smith" |Transfer:Imbalance
         |Deposit:500 |Withdrawal:_
         2. 2010-06-02 "Money out to saving account" |Transfer:Saving
         |Deposit:_ |Withdrawal:500
      2. Saving
         1. 2010-06-02 "Money in to saving account" |Transfer:Imbalance
         |Deposit:500 |Withdrawal:_
         2. 2010-06-02 "Money in to saving account" |Transfer:Checking
         |Deposit:500 |Withdrawal:_

So I have 500 money units doubled in Savings, account. What should I do to
make it work? I'd prefer not to type each transaction by hand, but rather
import them from statements.

Regards

Pawel Zajac


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