setting up a car loan

[Harold]

Yes, I have but like I said, when I get to the 'Transfer Type', I am stumped as what to do at that point.

--- On Thu, 2/10/11, Phil Frost <indigo at bitglue.com> wrote:

From: Phil Frost <indigo at bitglue.com>
Subject: Re: setting up a car loan
To: "Harold" <hh6199 at yahoo.com>
Cc: "Gnucash" <gnucash-user at gnucash.org>
Date: Thursday, February 10, 2011, 9:42 AM

On Thu, Feb 10, 2011 at 07:36:50AM -0800, Harold wrote:
> I have used GnuCash for a few years but have never utilized a lot of
> its capabilities. I am not an accountant but understand some basic
> accounting practices. I use version 2.2.9 in a Ubuntu distro.
> 
> In trying to set up the accounts for my car loan. I have the loan
> amount, the original amount before down payment, and the interest
> rate. When I go to set up the liability account for the loan and get
> to the 'Opening Balance' tab, I get confused about the 'Transfer
> type'. What do I need to use there?
> 
> [...]

Have you seen the documentation at:
http://code.gnucash.org/docs/guide/loans_CarLoan.html