[GNC] Confusing language of money direction in headers of Scheduled Transaction Editor Template Transaction

[Derek Atkins]

Hi,

On Mon, December 16, 2024 3:42 pm, Chandler Sobel-Sorenson via
gnucash-user wrote:

> This seems backwards to me: I'd associate "Funds In" with "Credit" and
> "Funds Out" with "Debit".  This has caused me to enter several scheduled
> transactions backwards.  Is it something that should be corrected?

Yes, you need to correct your association, because you associate it
incorrectly.  A Debit is when value goes into an account, and a Credit is
when value leaves an account.  When you deposit cash into your bank, that
is a Debit to your Asset account!

You probably get it wrong because you're using the BANK'S side notation. 
To them, your account is a Liability, not an Asset -- so when you deposit
cash with them it Credits the Liability (therefore increasing the amount
they owe to you).

I recommend you read the GnuCash documentation which goes into great
detail about this.

Good Luck!

> Thanks,
> Chandler

> 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