[GNC] Need help with a Savings account

[Adrien Monteleone]

No, debiting an asset account means you increased it. A withdrawal would be a credit to an asset account.

Remember:

Assets + Expenses = Liabilities + Equity + Income

Left side of “=“ means ‘debit increases/credit decreases’

The opposite for the right side of the “=“

Regards,
Adrien

> On Apr 15, 2019, at 5:11 PM, ToddAndMargo via gnucash-user <gnucash-user at gnucash.org> wrote:
> 
> Hi All,
> 
> Now that I am feeling brave coming off of creating a charge
> card account, I decided to create a saving account.
> 
> My bank statement shows deposits as positive numbers and
> withdrawals as negative numbers, so I decided to follow suite
> 
> Okay, I set the initial test balance to +100.  It shows in
> balance as 100.  All is well so far.
> 
> Then I put 10 in the debit column of the account, meaning I
> withdrew 10 from the account.
> 
> Problem: the balance went to 110, not to 90.  What did
> I do wrong THIS time?
> 
> Many thanks,
> -T