[GNC] noobie question about split transactions

[Michael or Penny Novack]

> I came to entering a credit card payment, which I enter as a split
> transaction with line items for every line item in the credit card bill,
> after I had spent many laborious minutes entering 50 or 60 line items I
> accidentally hit enter and all of my work was deleted.

Stop right there. NOT a split transaction at the time you make a payment 
on your credit card debt. THAT is a simple "transfer" transaction, debit 
credit card and credit bank account.

Those things you purchased with your credit card? Those became expenses 
when you used your credit card to purchase them. debit to the 
[particular expense account and credit to the credit card << if you had 
paid by check or cash from your wallet, would be credit bank account or 
credit wallet >>

You were thinking about CASH FLOW  which is different << you can be "in 
the black" in your books but in trouble with a cash flow crunch or be 
fine (for now) as far as cash flow goes but deep in the red for the long 
term. Separate things. >>

Gnucash is proper double entry bookkeeping. You need to get a good grasp 
of the fundamentals of double entry bookkeeping and concepts of 
accounting. Nothing advanced or fancy, just the fundamental. If what I 
have written about entering (these) transactions isn't making sense to 
you, reread the tutorial.


Michael D Novack