[GNC] 2 Questions About Debit Cards

Michael Hendry hendry.michael at gmail.com
Wed Aug 28 05:15:48 EDT 2019


> On 28 Aug 2019, at 10:05, Haim Roman <haim.roman at gmail.com> wrote:
> 
> Hi.  I'm new to GnuCash and to bookkeeping/accounting in general.  I have 2
> questions about debit cards.
> 
> (1) I made my debit card account a Liability account, as I did with my
> credit card accounts.  In the GnuCash archives, someone wrote a debit card
> should be an Access account.  Is that correct?
> 
> (2) I envisioned debit card transactions as single transactions with 3
> stages:  Checking to Debit Card to Expense (yes, I have different expense
> accounts).
> But I'm beginning to think that it should be 2 transactions: [a] Checking
> to Debit Card, [b]  Debit Card to Expense.
> The 1st deposits into the debit card account, and the 2nd withdraws from
> it.
> Is that correct?
> 
> Thanks
> _______________________________________________________________


Welcome to the GnuCash Community!

I record debit card transactions in the same way as I record online or cheque (check) payments through my current (checking) account. There is no intermediate transaction, the way you have with a credit card.

Michael



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