[GNC] credit card opening balance
Adrien Monteleone
adrien.monteleone at lusfiber.net
Fri Apr 12 12:06:51 EDT 2019
I had the same understanding.
The OP didn’t grok ’transfer’ and asked how to get rid of it.
So I advised to switch views to Transaction Journal.
Then he didn’t understand why there were two entries for each transaction (though I had already explained that would happen), a charge and a payment. (he hadn’t switched labels yet) Since he was still using informal labels, those are the column headings. So I again recommended switching to formal debit/credit labels.
It was then the OP, understanding what was happening, decided this was more ‘accounting’ than he was interested in accomplishing and so is likely going to use a spreadsheet instead.
All of this happened across about 3-4 separate threads, so you might not catch all of that in this one.
Regards,
Adrien
> On Apr 12, 2019, at 7:11 AM, David Carlson <david.carlson.417 at gmail.com> wrote:
>
>
> Now I am confused, because I thought the topic was about which account to
> assign an opening balance for a credit card to, then it changed to whether
> to ... use "traditional accounting labels" ... instead of 'charge' and
> 'expense', with a side trip into whether to use single line or two line
> views or transaction journal view.
>
> The underlying transaction (once it is correctly entered) would remain the
> same regardless of which view preference is selected or which account
> register the transaction is viewed in. I could tell you my personal view
> preference, but that would just add to the confusion. It is up to the user
> to try them out and come to his own conclusion.
>
> --
> David Carlson
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