Split transactions are killing me

Buddha Buck blaisepascal at gmail.com
Wed Jan 30 18:34:17 EST 2013


On Wed, Jan 30, 2013 at 6:24 PM, James Kerr
<jim at jkerr82508.free-online.co.uk> wrote:
> It is the consequence of substituting "user-friendly" column headings for
> "debit" and "credit". In split transactions these "user-friendly" headings
> can sometimes be confusing. However, for someone unfamiliar with double
> entry accounting, debits and credits could be even more difficult to
> understand.
>
> It is possible to elect to use debit and credit in place of the
> "user-friendly" headings. From the menu select Edit - Preferences - Accounts
> - Use formal accounting labels. (Not recommended unless you understand the
> principles of double entry accounting.)

I often find the "user-friendly" headings confusing.  I do understand
the principles of DE accounting, but I have a hard time remembering if
debit is on the left or the right.  But I know where the money is
going to goes on the left, and where the money is coming from goes on
the right.


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