[GNC] [newbie] Import transactions - column for both withdrawal and deposit?

[David Carlson]

By the way, if you do find them reversed after being imported, just edit
them to change the sign and make a mental note to do it the other way next
time.

David Carlson

On Fri, Dec 13, 2019 at 1:27 PM Stephen M. Butler <kg7je at arrl.net> wrote:

> On 12/13/19 12:43 AM, Anton Hughes wrote:
> > Hello
> >
> > I'm trying to import my bank transactions, and generally this is working
> > well.
> > However, in the import wizard, on Import Preview screen, I'm asked to
> > "select a deposit or withdrawal column".
> >
> > The problem is, the csv provided from bank has a single column for both.
> A
> > deposit is a positive number, and withdrawal is a negative number.
> >
> > Does it make significant difference if I chose either Deposit or
> Withdrawal?
> >
> > Thanks
>
> Yes.  Deposits are for when positive values denote a Debit to that account.
>
> Withdrawal is when positive values denote a Credit to the account.
>
> Debit accounts are:  Assets and Expenses
>
> Credit accounts are:  Liabilities, Equity, and Income
>
> So, if you pick the wrong one, you will find all your transactions being
> reversed!
>
> --
> Stephen M Butler, PMP, PSM
> Stephen.M.Butler51 at gmail.com
> kg7je at arrl.net
> 253-350-0166
> -------------------------------------------
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>
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-- 
David Carlson