[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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