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

[R Losey]

Michael - from reading what he did, I think the problem may have been
caused by importing checking, savings, and credit cards separately instead
of all together.

Thus, the checking import couldn't find a matching transaction and thus
used "imbalance" -- and the same thing happened with the savings and credit
card imports.


On Tue, Aug 13, 2024 at 11:17 AM Michael or Penny Novack via gnucash-user <
gnucash-user at gnucash.org> wrote:

> 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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-- 
_________________________________
Richard Losey
rlosey at gmail.com
Micah 6:8