Split entry in Credit account ends up as rebate in expense account

[Leon Goldman]

Thanks to all. I, too, had my credit account set to reverse balance. I 
have not yet tried, but will change it next time I have a chance. I plan 
to delete the splits accounts and redo them with the reverse balance 
turned off.  Otherwise everything seems to have been entered in the 
correct columns the first time. Thank you
Leon

On 05/04/2012 04:46 AM, Maf. King wrote:
> On Fri 4 May 12 08:52:00 Colin Law wrote:
>> The Balance column in a credit card account should be
>> negative to show that you owe the credit card account money.
>>
> Unless you have set the preference
> Accounts ->  Reverse Balanced ->  Credit Accounts.
> then, as you might guess, the total column is sign reversed with resepect to
> "formal" accounting rules.
>
> (I have that set, and was totally confused by your statement, Colin, until I
> checked the prefs!   This probably explains why I can never remember which way
> debits and credits go.....)
>
> HTH
> Maf.
>
>