[GNC] two lines for every entry

ToddAndMargo ToddAndMargo at zoho.com
Thu Apr 11 03:33:07 EDT 2019


On 4/11/19 12:04 AM, AC wrote:
> On 2019-04-10 23:48, ToddAndMargo via gnucash-user wrote:
>> So, do I set up two account for every credit card?  Will
>> the link cover this?
>>
> 
> You set up one account for the card (Liabilities: Credit Card), one for
> the bank (Assets: Bank) and then you have as many set up as you want for
> expenses.
> 
> When you buy something, charge the card and have the "other" account be
> Expenses: Groceries, Expenses: Gasoline, etc.  Whatever you want as long
> as the "other" account is some kind of expense account.
> 
> When you pay the credit card, it comes from Assets: Bank
> 
> Things like Quicken and Microsoft Money hid this by using the Payee as
> the "other" account so it was relatively automatic.  But GnuCash also
> does auto-fill as you type so if your Description field was
> "Supermarket" for the first time you set up a transaction between the
> credit card and Expenses: Groceries, it'll remember that account
> arrangement next time you enter "Supermarket" and then you only have to
> change the amount.
> 
> For basic tracking the accounts will only have to be set up once and the
> auto-fill will help you out afterwards (just change the amounts).
> 
> If you have more than one card just set it up as Liabilities: Card 1,
> Liabilities Card 2, or other arrangements however you wish as long as
> they're all liability accounts.  Same for multiple bank accounts, just
> make sure they're all asset accounts.

In my next life.

Right now I just want to enter charges and payment to
a credit card.  Where the payment comes from, I DON'T CARE.

This is very frustrating for me.






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