Purchase with Cash Withdrawal

Tom Balazs tom123online at gmail.com
Sun Aug 18 07:03:55 EDT 2013


Thanks. I didn't realize that the "Tot Charge" was the "grand total" and
"Tot Payment" was the "elements" (snacks, cash back, service charge). Now
it worked great.

Tom


On Sun, Aug 18, 2013 at 11:22 AM, Maf. King <maf at chilwell.net> wrote:

> On Sun 18 August 13 10:43:59 Tom Balazs wrote:
> > If I go to a store and using my credit card
> > 1. Buy candy = $1 (gone)
> > 2. Get cash back = $100 (moved from Liability to Cash in Wallet)
> > 3. Service charge = $0.50 (gone)
> > -------------------------------------
> > Total = $101.50
> >
> > How do I enter that using split transactions.
> > I began by going to Liability: Credit Card
> > and
> > spent $1 on candy
> > the "Transfer to Cash in Wallet" got confused
> > I guess the 0.50 is a bank fee / service fee but how do I do that?
> >
> > Tom
>
> Hi Tom.
>
> I'd imagine the transaction would something like this :
> Liability:Credit Card                         101.50
> Expenses:Candy           1.00
> Assets:Wallet            100.00
> Expense:BankCharge   0.50
>
> Obviously, adjust names to suit your own account tree!
>
> HTH,
> Maf.
>
>


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