[GNC] Reconciling credit card

[David Cousens]

Mahon,

If you want to use the formal accounting labels you can set it in the
Preferences in the Accounts tab of the dialog. You can swap between the two
preferences to get the specific meaning of the payment and charge headings for a
specific account type.

On Sun, 2022-12-11 at 12:03 +0000, Mahon Finbar wrote:
> 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).
> > 
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