Debit a 'Checking Account' Only
Mike Leone
turgon at mike-leone.com
Mon Jul 19 08:51:49 EDT 2010
On 7/19/2010 8:36 AM, Alex Hill had this to say:
> Would a transfer from Checking Account to Imbalance not do the trick, or
> am I missing something in the question? After the transfer Checking
> Account should reflect the cost of the imbalanced transactions and
> Imbalance should be zeroed out.
That would make the totals all agree, I think. But you'd still be left
with all those transactions, improperly debiting the "Imbalance"
account. But if you don't care about that (when looking at the history
of those account transactions), then this would be the easy way to get
the accounts to balance.
BTW, the "Imbalance" account is automatically used whenever a
transaction you are entering doesn't .. well ... balance. :-) Remember
in double-entry accounting, the totals of all debits *MUST* match the
totals of all credits, within a transaction. Yours did not. I have that
happen sometimes, especially in split transactions (in which there are
multiple debit and/or multiple credits within a single transaction entry).
>
> Alex
> ----- Original Message ----- From: "b4wt" <miztiik+gnucash at gmail.com>
> To: <gnucash-user at gnucash.org>
> Sent: Monday, July 19, 2010 6:05 PM
> Subject: Debit a 'Checking Account' Only
>
>
>> I have created a expenses account and made lot of entires with
>> "Imbalance"
>> as the debit account [ Probably another newbie mistake ]. Now i want all
>> these entries to be debited from another account say 'Checking Account'
>>
>> Is there any simpler way of doing this rather than manually modifying
>> each
>> transaction, Say all transactions under this account debit from 'Checking
>> Account'
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--
Michael J. Leone, <mailto:turgon at mike-leone.com>
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It seems to me
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A lot better than I think I am
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