How to enter split transactions
Janet Saxby
janetsaxby at yahoo.co.uk
Thu Aug 24 06:36:53 EDT 2017
Thank you for your help.
Janet
From: Mike or Penny Novack <stepbystepfarm at dialup4less.com>
To: gnucash-user at gnucash.org
Sent: Wednesday, 23 August 2017, 14:39
Subject: Re: How to enter split transactions
On 8/23/2017 2:47 AM, Janet Saxby via gnucash-user wrote:
> Hi,
> Can someone explain how to split transactions between accounts without creating an imbalance?
> Regards,
> Janet
Beyond what the tutorial might say, some advice to make easier.
a) Until you are experienced, do not attempt two way spits (transactions
split on BOTH the debit and credit side).
b) Begin with the unsplit side whichever that is. Enter in THAT account
but before selecting the other side account(s) hit "split".
c) Change the other side amount to the correct amount for the first
account on the other side, enter the account, and hit enter. The
remaining balance will say the account is Imbalance. That should be the
amount of the next split or larger. If larger, change to the amount of
the next split and specify the account and hit enter, and you repeat
"c". If the exact amount, when you have specified the account and hit
enter the transaction will be in balance.
d) When you are faced with a two way split, you might (for now) use
multiple transactions. For example, if manually opening a new set of
books (creating the CoA with all accounts zero and then making the
opening entry you could use two opening entries (one for the debits and
one for the credits)
Michael D Novack
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