Split Transactions SOLVED
clanlaw at gmail.com
Wed May 6 08:41:31 EDT 2015
On 6 May 2015 at 13:32, Jonathan Garber <jonnathan500 at gmail.com> wrote:
> I found a youtube video at this URL
> In the video, she follows the steps that Derek recommends but the thing I
> don't see he mentioned in enough detail for me, is that while the total is
> placed in the first line as a deposit, each check entered in the split are
> entered as withdrawals. I looked at each income account and they are
> appropriately listed there as income.
That is as it should be, you are taking money from the income account
(withdrawing it) and putting it into the bank account (deposit). That
is what double entry accounting is all about, money always moves from
one account to another, it is never created or destroyed.
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