[GNC] Reconciling credit card

Mahon Finbar mahon.finbar at neuf.fr
Sun Dec 11 09:58:06 EST 2022


That is what I do, so why am I getting an increased -ve balance in the 
balance column, like this?

or this?


the bank account entry looks like this, under the 'payments out and 
payments in' columns

??

On 11/12/2022 12:19, Fred Bone wrote:
> On 11 December 2022 at 12:03, Mahon Finbar said:
>
>> OK, I have columns marked payment; charge; and balance.
> I find these non-formal labels confusing.
>
>> 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?
> In the "credit card" account:
> When you buy something, the amount should be in the Credit column, the
> one headed "Charge". This will increase the "Balance".
> When you pay the provider from your bank account, the amount should be in
> the Debit column, the one headed "Payment". This will reduce the
> "Balance".
>
> In an Expense account, the amount (relating to the thing you bought) will
> be in the Debit column, which I see gets headed "Expense". This increases
> the "Balance".
>
> In a Bank account, the amount (relating to paying off your credit card)
> will be in the Credit column, informally headed "Withdrawal". This
> reduces the "Balance".
>


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