[GNC] Reconciling credit card

[David H]

Mahon,

I'm guessing you haven't noticed your pics aren't coming through - you
cannot paste them inline in a posting to this mailing list, you have to
either add a pic at the very end of your post OR include as separate image
files...

Regards David H.

On Mon, 12 Dec 2022 at 00:58, Mahon Finbar <mahon.finbar at neuf.fr> wrote:

> 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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