Is "Transfer" same as making a "Journal Entry"

[Roger Miskowicz]

Thanks Phil, that helps.

On Mon, Feb 5, 2018 at 10:47 AM, Phil Longstaff <phil.longstaff at gmail.com>
wrote:

> In an accounting sense, giving money to pay off the principal of a loan is
> not an expense. It is a transfer to pay down a liability. Similarly, giving
> money towards an RRSP (Canada) or 401K (US) is not an expense. It is a
> transfer to an asset account. These are the transfers that are captured by
> "Transfer". It is the money to pay down liabilities or increase assets.
>
> On Mon, Feb 5, 2018 at 9:42 AM, Roger Miskowicz <rmisko11 at gmail.com>
> wrote:
>
>> I am curious as to what 'Transfer' means in the 'Budget'?
>>
>> On Mon, Feb 5, 2018 at 9:19 AM, Fran_3 via gnucash-user <
>> gnucash-user at gnucash.org> wrote:
>>
>> > gnuCash Menue's offer:   Actions -> Transfer
>> > Which seems to allow a simple way to debit one account and credit
>> > another... right?
>> > if so isn't that the same functionality as what is called a "Journal
>> > Entry" ?
>> > Thanks.
>> >
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