Re: Debit vs. Credit for bank (inconsistency with what I see on bank website)

[Derek Atkins]

Banks show you your accounts from their perspective , not yours.  from your perspective the bank account is an asset.  but from their side it's a liability.  that's why it looks reversed.  because it is.

This is the number one reason mere mortals get so confused about debits and credits.

-derek

Sent from my mobile device. Please excuse any typos.

----- Reply message -----
From: "replicon" <replicon at gmail.com>
To: <gnucash-user at gnucash.org>
Subject: Debit vs. Credit for bank (inconsistency with what I see on bank website)
Date: Wed, Nov 30, 2016 7:24 AM

Hello,

This is probably a really silly question, but I am having trouble finding
answers online.

If I create a Bank account in GNUCash:

* Deposit == Debit
* Withdrawal == Credit

But if I log into my chase bank account, and filter so it only shows me
"Debit Transactions", then it only shows me withdrawals.

So... which is it? Something is backwards somewhere, but it's not really
clear to me what...



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