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

ToddAndMargo ToddAndMargo at zoho.com
Sat Apr 13 18:53:42 EDT 2019


On 4/13/19 2:25 AM, Adrien Monteleone wrote:
> 
> 
>> 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

Oh Geez,

I try to reverse the numbers and get all kinds of junk to Imbalance USD.
Is there a way to elegantly do this?






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