[GNC] Accounting Help - Credit Card transfer

[Derek Atkins]

Hi,



On Thu, May 18, 2023 5:38 pm, Chris Ledbetter via gnucash-user wrote:
> Hi,
> Currently using GnuCash 4.14.  I have Credit Card A with an opening
> balance (transfer Equity:Opening Balances) and subsequent transactions.  I
> set up Credit Card B.  I transfer the majority of the balance to Credit
> Card B but still keep Credit Card A.  How do I set up Credit Card B
> transactions?  In Credit Card A is move the balance as a transaction
> (transfer Liabilities:Credit Card:Credit Card B) and in Credit Card B the
> initial transaction is (transfer Liabilities:Credit Card:Credit Card A).
> Is this the correct way to transfer?  Should Credit Card B have on
> Equity:Opening Balance?

Equity:Opening Balance is only used when you start GnuCash.
If you open an account after that, then no, you don't use Eq:O-B

What you suggest is correct.  If you are transferring a balance from A to
B, then it's just a regular transaction from A to B.

> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.

-derek

-- 
       Derek Atkins                 617-623-3745
       derek at ihtfp.com             www.ihtfp.com
       Computer and Internet Security Consultant