[GNC] Beginner use case: Checking, Savings, Credit Card = how do I correlate a transaction in Checking Withdrawal to Savings Deposit or Credit Card payment?

[Michael or Penny Novack]

Fundamentals ---- this is double entry bookkeeping. Every transaction 
has at least TWO accounts associated with it, at least one debit and at 
least one credit.

Read the introduction/tutorial as many times as necessary for you to 
absorb this concept, at least two accounts. Failure to specify the other 
account is wy gnucash is using the special virtual account Imbalance.

Do not try to import transactions until you have gotten some experience 
entering them manually. Starting out learning using a "test" set of 
books is a good idea.

Michael D Novack



On 8/13/2024 11:55 AM, Bruce Griffis wrote:
> I'm trying to figure out the very basics of managing a checking 
> account, savings account and credit card in GnuCash. I downloaded a 
> csv of all checking transactions for a year and imported them. They 
> look good and match up with my check register. Then I downloaded my 
> savings for a year into a savings account in GnuCash. Finally, I 
> downloaded a csv of credit card transactions for a year and imported 
> into a liabilities/credit card account.
>
> So, in my checking account, I see a transfer to savings. This is 
> marked imbalanced.
>
> In my savings account, I see a deposit maybe the same day and the same 
> amount. This is marked imbalanced.
>
> If I open my checking account register and changed the destination 
> account from imbalanced to savings, then I see that transaction pop up 
> in my savings register. I now have two transactions of the same amount 
> and possibly the same day in my savings register. Would I delete the 
> duplicate entry I got when I downloaded the csv? Or what do I do to 
> show that my checking transfer out transaction is the same as my 
> savings increase transaction?
>
> And the same with my credit account. I see a payment out of checking 
> to SuperBigBank Mastercard. In the credit card, I see a payment. Both 
> are imbalanced. If I change the checking transaction to show it goes 
> to my credit card, I now see two transactions in my credit card 
> register. Would I simply delete the duplicate entry? Or how do I show 
> that they are the same transaction?
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There is no possibility of social justice on a dead planet except the equality of the grave.