[GNC] Problem with Splits

[Michael or Penny Novack]

On 2/11/2019 2:40 PM, Christian Kluge wrote:
> Hi,
>
> my general rule of thumb is to always entering from an asset or
> liability account.
>
  The proper "general rule" for a (one side) split transaction is to 
enter it from the side (debit or credit) that is NOT being split. That 
this is most often either and asset or a liability account just the 
consequence of that most often the side of the transaction not being split.

Starting with an account on the side of the transaction being split will 
make entry almost as difficult as entering a transaction that is split 
on both sides.

You need an example? Say you are paying for your share of an expense X 
and the person you are sharing with allows you to pay part in cash and 
owe the rest. You would begin this split from the expense account (the 
credit side being split  between cash (asset) and loan (liability)

Michael D Novack