[GNC] gnucash-user Digest, Vol 224, Issue 15

[sydnorbilling at bellsouth.net]

Stan, yes understand your point under the circumstances as you understood
them.  I misunderstood - still don't know what a head check is but it didn't
conjure up Bill Pay for me - and I oversimplififed the inquiry.

-----Original Message-----
From: gnucash-user
<gnucash-user-bounces+sydnorbilling=bellsouth.net at gnucash.org> On Behalf Of
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Sent: Sunday, November 7, 2021 12:00 PM
To: gnucash-user at gnucash.org
Subject: gnucash-user Digest, Vol 224, Issue 15

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Today's Topics:

   1. Re:  Double entry bookkeeping for purchases to be paid at
      later date (Stan Brown)
   2.  Problem with PayPal statements? (Jean D. Boyle)


----------------------------------------------------------------------

Message: 1
Date: Sun, 7 Nov 2021 07:36:28 -0800
From: Stan Brown <the_stan_brown at fastmail.fm>
To: gnucash-user at gnucash.org
Subject: Re: [GNC] Double entry bookkeeping for purchases to be paid
	at later date
Message-ID: <53814a15-5da0-3f42-1119-089e1f5826b0 at fastmail.fm>
Content-Type: text/plain; charset=utf-8


On 2021-11-07 07:11, Sharon Sydnor wrote:
> I am only experienced in basic bookkeeping but irrespective of what type
of payment you intend to make, you have bought something you intend to pay
for later hence IT IS a LIABILITY -so your second account WILL NOT  be a
checking/payment account. 

I would agree if the purchase was put on account ("charged"). But when I
write a check, I have paid for the purchase. That the check is postdated is
immaterial: legally I am obliged to have funds in my account and maintain
them there till the check is paid.

When I write a check for a future date, or schedule a bill payment on my
bank's website for a future date, I book the debit to whatever account and
the credit to the bank account right away, dated with the current date.
Include the expected payment date in the Description field, e.g.
"State Farm Auto pays 11 Dec".

Some people choose to record the transaction right away, but as a future
transaction. I do it the way I do so that my account balance on my books is
decreased immediately, and therefore I never run the risk of being
accidentally overdrawn.


-- 

Stan Brown

Tehachapi, CA, USA

https://BrownMath.com

https://OakRoadSystems.com


------------------------------

Message: 2
Date: Sun, 7 Nov 2021 16:36:51 +0100
From: "Jean D. Boyle" <86ul at vivaldi.net>
To: gnucash-user at gnucash.org
Subject: [GNC] Problem with PayPal statements?
Message-ID: <de62cf10-93e4-0eea-d4d3-3034977c9a4b at vivaldi.net>
Content-Type: text/plain; charset=utf-8; format=flowed

Hello fellow users of GNUCash,

Currently I am running GNUCash 4.8 with Flatpak on M20.2, and I have some
troubles with GNUCash that i had not before:

When importing my statements from PayPal (*.csv), GNUCash starts to behave a
bit strange. Although everything is correct in the /import preview/
-including the amount of deposit/withdrawal-, all amounts are doubled in the
/Match Transaction; the rest is correct/.
When opening this *.csv-file from PayPal, everything is correct, including
all of the amounts; none are doubled. Therefore I think GNUCash seems to
double the amounts.

Is this just on my M20.2, or do I something weird, or is it a bug? If the
latter, I will fill in a proper bug report.

--
86ul



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End of gnucash-user Digest, Vol 224, Issue 15
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