question about category of the account

[Marina Kurbanova]

Thank you for taking the time to reply, my question is, when I transfer
money form checking to the credit what should I put in the category? right
now it is in checking Liabilities:Credit Card and in Credit card
Assets:Currents Assets:Checking Account. I think it is wrong, because even
if I put more money then I owe it is still in red.

P.S

I wonder if there is anyone who is living in KS who is good at GnuCash, I
would be very helpful to have a visual tutoring. The GnuCash tutorial is
good, but I still have a hard time using most of GnuCash as I have a hard
time understanding the concept and applying it.

On Sun, Jan 15, 2012 at 5:13 AM, Ian K <ik522000 at yahoo.co.uk> wrote:

> Are you crediting the account with more than you owe?
> Being a liability account, GnuCash displays money you owe as positive
> (black), i.e. as you 'spend' money on the credit card, the liability
> balance
> increases. If you 'pay off' the credit card liability, transferring money
> from an asset account, then both the positive asset and the liability will
> decrease.
> If you start from zero balance in the credit card account, and transfer
> from
> an asset account, you will decrease the asset, but create a 'negative
> liability', so the creedit card account will display a negative balance.
>
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