Income increase is shown as unbalanced, what to do?
Derek Atkins
warlord at MIT.EDU
Wed Oct 2 10:58:24 EDT 2013
Lake <lake100 at yahoo.com> writes:
>> I do not understand your problem. Income does not add up to zero. If
>> you were talking about salary, you would see it increasing with each
>> paycheck.
>
> I'm trying to enter eBay sales in GnuCash, not salary.
Okay, so you open your Assets:Banks:EBay account and create a
transaction (assuming you're in Basic Mode):
Date Description Transfer Desposit Withdrawal
<date> <Buyer Name> Income:Sales <txn amt>
>> ...does not add up to zero.
>
> Now I don't understand what does it mean :)
> What zero? The problem was with income (sales) in red.
What it means is that in any single transaction the sum of the debits ==
the sum of the credits. Gnucash enforces this invariant. I.e., if you
Deposit money into a Bank Account it has to come *from* somewhere
(e.g. Income:Sales). So you debit your bank and credit income. This
will "increase" both the bank and income.
>> You will see red in the income account depending on how you have your
>> preferences set under
>> Edit>Preferences>Accounts>Reverse Balanced Accounts.
>
> This solved my problem completely, now income is in black and expenses are
> in red.
Um, this does NOT sound like it's correct.. Nothing should be in "Red"
> Thank you! Appreciate your help.
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
-derek
--
Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
Member, MIT Student Information Processing Board (SIPB)
URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH
warlord at MIT.EDU PGP key available
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