[GNC] credit account negative balance increases with payment

[Custom Shots]

The credit card starts as Liabiliies:CreditCard:"specificcreditcard" It's
not that charges are reducing the balance. Charges and Payments, both,
increase the balance owed. The other half of the transaction, calculates
correctly.

On Mon, Mar 6, 2023 at 9:21 AM Murugan Muruganandam <
m.muruganandam at hotmail.com> wrote:

> Can you please explain what  account type you have selected to create this
> credit card account?  your charges are reducing your outstanding and not
> the other way around?
>
>
>
>
> Saludos Cordiales
>
>
> Murugan
> ------------------------------
> *From:* gnucash-user <gnucash-user-bounces+m.muruganandam=
> hotmail.com at gnucash.org> on behalf of Custom Shots <customshots at gmail.com>
> *Sent:* Monday, March 6, 2023 1:09 PM
> *To:* john <jralls at ceridwen.us>
> *Cc:* gnucash-user at gnucash.org <gnucash-user at gnucash.org>
> *Subject:* Re: [GNC] credit account negative balance increases with
> payment
>
> John Ralls,
> In GnuCash Preferences: Accounts: Reverse Balance Accounts: Credit Accounts
> is selected. That shows amounts owed as negative numbers.
> After adjusting settings as others have suggested, I have seen another
> anomaly. This is happening with only one credit account. I have four credit
> accounts. The other three are working properly. This one in question is the
> only one that is incorrect. I am attaching a screenshot of the register as
> it is after changing settings. Like this or with reverse balance accounts
> credit selected the balance should go down after a payment. It doesn't it
> goes up. Even with negative numbers, the negative balance owed goes up
> meaning I owe more after a payment.
>
> On Sun, Mar 5, 2023 at 10:45 AM john <jralls at ceridwen.us> wrote:
>
> >
> >
> > > On Mar 5, 2023, at 7:03 AM, Michael or Penny Novack <
> > stepbystepfarm at comcast.net> wrote:
> > >
> > > On 3/4/2023 1:26 PM, Custom Shots wrote:
> > >> I just noticed this. Something has changed. I keep 30 day backups and
> > this
> > >> has been going on in all my backups. When I add a payment transaction
> > to my
> > >> credit card account the negative balance increases instead of
> > decreasing.
> > >> Any clues to what is happening? I am using GnuCash Version: 4.8 Build
> > ID:
> > >> 4.8a+(2021-09-28) on Ubuntu 2022.04.2. The second half of the double
> > entry
> > >> transaction, the withdrawal from my checking account, works correctly.
> > >
> > > Are we confusing you?
> > >
> > > Let's go back to the beginning (and that is where the mistake was)
> > >
> > > What are you saying when you say "the credit card balance is negative"?
> > What are you saying when you say "I owe you ten dollars" vs "I owe you
> > NEGATIVE ten dollars".
> > >
> > > The credit card account is a liability. If it INCREASES it means you
> owe
> > more. If it decreases it means you owe less. So the transactions are
> doing
> > the right thing. Your problem was with the initial balance. IF you
> started
> > out owing NEGATIVE five hundred dollars and you made a payment of two
> > hundred dollars the balance should be negative seven hundred dollars. In
> > other words, your transactions were doing the right thing but your
> initial
> > balance was on the wrong side of the ledger.
> > >
> > > OK, you are where you are, how to correct your books. You apparently
> > started your books with an amount for the credit card account of some
> > negative amount X. So now you need to enter a correction transaction in
> the
> > amount of 2X. The debit side would be starting equity and the credit side
> > your credit card account. You are reducing your equity by 2X because you
> > initially overstated it by X and you did owe X.
> >
> > Michael,
> >
> > Careful: The representation of the balance in the register depends on
> > Preferences>Accounts>Reversed Balance Accounts. What you say is correct
> if
> > the default Credit Accounts is selected, but if either of the others is
> > selected then a credit card (or any other liability and equity) register
> > will show a negative balance when used in the normal way.
> >
> > Custom Shots,
> >
> > Please tell us what you have set for that preference.
> > Regards,
> > John Ralls
> >
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>