[GNC] How should I enter values on a budget in gnucash ?

[Michael or Penny Novack]

On 10/29/2019 9:40 AM, Adrien Monteleone wrote:
> No objection here —I always thought it odd that Liabilities didn’t have its own total line, and thought ’Transfers’ should only include Assets & Equity. (you are transferring one asset to another, with no effect on net position, but paying a liability would change your net position)
>
Assets and Equity are NOT "both assets"  << this is confusing a 
different meaning of equity>>

A transfer between "assets" and "liabilities"does NOT change net 
position (ie: equity). A transfer from assets to liabilities that is 
"paying a liability" is a debit to a liability (reducing it) and a 
credit to an asset (reducing it) so no net change as the debit and 
credit will be equal. Taking on more debt, a debit to an asset and a 
credit to a liability also does not change net position (equity)

What sort of transaction would be a transfer between an asset and 
equity?  Why do you think that this would not be a change to your net 
position?

Michael D Novack