Inserting transactions with debit card, cheque and prepaid card

[John G Sullivan]

I would treat a “prepaid card” as another asset, like a checking account:

1st transfer money from some existing account to the card account, then
post payments from that account to the appropriate expense account.

John S


On May 11, 2014, at 7:55 PM, Ronal B Morse <ron at morsehouse.com> wrote:

> On Sun, 2014-05-11 at 18:25 +0200, Claudio Corti wrote:
>> Dear GnuCash experts,
>> 
>> I have some doubts about how to insert expenses payed with debit card, 
>> cheque and/or prepaid card.
>> I'd say that a prepaid card is an Asset, so I should first do a 
>> transaction from my bank checking account to the prepaid card account 
>> and then a transaction from the prepaid card account to the expenses 
>> account, right?
>> But what about debit cards and cheques? They are not assets, they're 
>> just different ways of payment and, unlike my wallet, I don't have to 
>> transfer anything from my checking account to them.
>> Should I put in the transaction directly my checking account and write 
>> in the notes if the payment was with debit card or cheque? Or is there a 
>> better way to differentiate this kind of expenses?
>> 
>> Thank you very much,
>> Claudio
> 
> For Debit card transactions I use either POS (point of sale) or EFT
> (electronic fund transfer) in the number field of the checking account
> register. Any further info required goes into the memo field. 
> 
> 
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