[GNC] two lines for every entry
ToddAndMargo
ToddAndMargo at zoho.com
Thu Apr 11 03:16:30 EDT 2019
On 4/10/19 11:47 PM, David Cousens wrote:
> Todd,
>
> The conceptual bit behind double entry bookkeeping is that when you charge
> something to your credit card you:
> 1. Increase the balance of your credit card (a credit entry); and at the
> same time
> 2. Increase the balance of an expense account ( a debit entry).
Hi David,
Do I set up two separate accounts for 1 and 2 above?
>
> Similarly when you pay your credit card you:
> 1 Decrease the balance in your bank account (a credit entryand at the same
> time
Uhhhh. I pay my card off from all different sources. I do not
want them linked. I only care that a payment was made. From
where, I don't care. I basically want my credit card accounts to be
stand alone.
> 1 Decrease the balance of your credit card account (a debit entry).
>
> As Adrien suggested, reading the introductory material will introduce you to
> the jargon used and provide the necessary background to effectively use
> GnuCash.
>
> David Cousens
Oh no doubt. The learning curve is going to kill me.
Thank you for all the help,
-T
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