[GNC] Reconciling credit card

[Mahon Finbar]

OK, I have columns marked payment; charge; and balance.

I translated them as payment to the bank/credit card company; spend on 
the credit card and the balance after entries in one or the other.

Do I change the headings? or am I in the wrong sort of register or type 
of a/c? or are the entries in the wrong place?

Thanks

On 09/12/2022 17:17, Fred Bone wrote:
> On 09 December 2022 at 15:58, Mahon Finbar said:
>
>> Hi,
>> I am sure this is explained somewhere, but I haven't been able to find a
>> simple explanation.
>>
>> I have a register of transactions in an a/c called credit card.
>>
>> I enter the data from the monthly statement, allocating them to various
>> expenses and enter the monthly payment from a bank account.
>>
>> [In my naivety]?? I assumed that when I enter the monthly payment the a/c
>> will reflect the 'net' situation, i.e. the balance of current transactions
>> less the latest payment.
>>
>> I seemed to be motoring along ok until a while ago when everything in the
>> balance column ended up -ve!!
>>
>> Typically a se of entries looked like this -
>>
>> but now it looks like this -
>>
>> Obviously I have been doing something wrong or have created an error.
>>
>> But what??
> Probably entered either the payment or the purchases in the wrong column.
>
> Purchases should be in the Credit column and payments from the bank
> account should be in the Debit column. (That is, when you look at the
> credit card a/c. Obviously the payment will be in the Credit column in
> the bank a/c).
>