[GNC] Don't understand why I have what I have

[Adrien Monteleone]

> On Apr 13, 2019, at 3:14 AM, ToddAndMargo via gnucash-user <gnucash-user at gnucash.org> wrote:
> 
> Hi All, especially Adrian,
> 
> Here is what I have so far.
> 
> I have two accounts:
>    "Little Visa", which is a Credit card account
>    "Little Visa -- Expense", which is an expense account
> 
> Credit card charges I have entered into "LittleVisa" (transfer column)
> as a "debit".  I get a corresponding "credit" in "little Visa--expense”.

Backwards. Charges should be credits to the credit card account and debits to the expense account.

> 
> Payment go into "LittleVisa -- Expense" as a "debit".  I get
> a corresponding "credit" in "LittleVisa”.

Again, backwards. Reverse your debits and credits. Payments are a debit to the credit card account and credit to the asset account used to make the payment.

Also, you don’t want to make your payments go to the expense account. You aren’t paying the card with expenses, you’re paying it with an asset. (that account I mentioned in the other thread...)

Note, now that you can see what is going on, you can switch back to Basic View and informal labels if you prefer. (payment/charge instead of debit/credit)

Regards,
Adrien