Newbie Split Transaction Problem

[Mike or Penny Novack]

Ian K wrote:

>Are you sure your income and expense accounts are set up correctly?
>The expenses in your example look in the wrong side of the transaction
>The expenses should be on the same side as the deposit, and the income on
>the other side.
>So you would have:
>Account    Deposit          Withdrawal
>Chequing   670
>Expense    180
>Expense     90
>Expense     60
>Income                         1000
>
>It's easier to start in the Asset account register on Basic Ledger (not
>split) view. Input the 670 deposit then split the transaction. Enter the
>expenses, and you should be left with 1000 which you put on the other side
>as the income. Make sure only one side of each split has a number in it
>
>  
>
I'm going to give somewhat different advice, especially for a beginner.

The first thing is to recognize that this is a "one way split". By that 
I mean that there is ONE account on one side of the the transaction (in 
this case on the credit side) and all the rest of the accounts on the 
other (the debit side). When it is a one way split like this you will 
find it easiest to enter the transaction in that account.

So you open the income account and begin entering (the amount $1000) and 
hit split. You are now in the split view where you see that $1000 for 
income and $1000 Imbalance. Change that $1000 to the first debit amount 
($670) and for the account, select Chequing. Now you see Income, credit 
$1000, Chequing, debit $670, and $330 Imbalance. Repeat until the final 
$60 has the correct expense account (instead of Imbalance).

It is with multiple way splits you need to get fancier.

Michael