[GNC] credit card opening balance
Liz
edodd at billiau.net
Fri Apr 12 07:28:10 EDT 2019
On Wed, 10 Apr 2019 23:11:34 -0700
ToddAndMargo via gnucash-user <gnucash-user at gnucash.org> wrote:
> Every time I enter a charge I get another equal lien with
> payment. This confuses the heck out of me as I make one
> payment a month and have multiple charges that apply to it.
That is not the way the system is meant to work...
Say we had Take away chinese tucker tonight
It cost $45 and was bought on the credit card
So the entry can be made either on the CreditCard 'account'
where $45 goes as 'charge' AND transfer to Expenses:TakeAway
OR
it could be made on the Expenses:TakeAway 'account' where $45 goes as
'expense' AND transfer to CreditCard
Then the amount owing on the credit card has gone up by $45. At the end
of the month you have the total recorded in the far right column.
If you use "traditional accounting labels" you will get those instead
of 'charge' and 'expense'
Liz
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