reverse debit and creit

[Jonathan Silvey]

Hi Colin,

It's only my credit card entries that are the wrong way round, due to the
fact that a credit card is a Liability, not an Asset. When I pay every
month, it's by Direct Debit, so it gets paid OK. I also record it
accurately in my Bank Asset account, so it is correct in the card account
too.

In other words, it's not quite accurate to say ALL my entries are wrong,
but almost all my Tot Payment entries should be entered as Tot Charge. I'm
trying to correct this in a few clicks, not 3000+!


Jonathan

*Think before you print.*

On 30 March 2017 at 21:15, Colin Law <clanlaw at gmail.com> wrote:

> Please note that your post went just to me and not to the list, due to the
> way this list is set up it is necessary to use Reply All or Reply List when
> replying. I am forwarding it to the list, along with my further comment:
>
> On 30 March 2017 at 20:59, Jonathan Silvey <jonathan.silvey at gmail.com>
> wrote:
>
>> Thanks for quick reply. Maybe I did not explain correctly.
>>
>> On my Liability: Credit card, all the Tot Payments should be Tot Charge,
>> and vice versa. You are right, it doesn't balance, and this is what I
>> wanted to correct.!
>>
>
> So are all your expense accounts the wrong way round too?  Also when you
> pay off the credit card from the bank account that would have to be the
> wrong way round too.
> I can't understand how you can have been using it for so long without
> noticing.
>
> Colin
>
>
>
>>
>>
>> Jonathan
>>
>> *Think before you print.*
>>
>> On 30 March 2017 at 20:49, Colin Law <clanlaw at gmail.com> wrote:
>>
>>> On 30 March 2017 at 20:41, Jonathan Silvey <jonathan.silvey at gmail.com>
>>> wrote:
>>>
>>>> I have put all my debit/credit card transactions the wrong way round.
>>>> Does
>>>> anyone know a way to reverse them all together at once? There are over
>>>> 3000
>>>> separately!
>>>>
>>>
>>> I don't understand how you could get debit and credit cards the wrong
>>> way round, but other accounts (eg bank and expense accts) the right way
>>> round. Nothing would balance.
>>>
>>> Colin
>>>
>>>
>>>
>>
>