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

Fred Bone Fred at mandfb.me.uk
Tue Dec 17 05:50:32 EST 2024


On 16 December 2024 at 22:35, Chandler Sobel-Sorenson said:

> Guys, this is funny because literally no one speaks like this.  I've also
> been using GnuCash for years and never been confused like this before.  
> 
> Stan Brown (using GC 4.14) wrote on 12/16/24 4:25 PM:
> > Assets and Expenses: Debit increases, credit decreases
> > Liabilities, Equity, and Income: Credit increases, debit decreases.
> 
>     This part is interesting.  If this is how CPA's describe it, so be
> it.  For us common folk we mostly only talk about Assets and Liabilities,
> and we talk about them backwards I guess!
> 
>     A credit to my bank account (asset) is money in, increasing the
> value.

Of course it isn't.

If you pay money into your bank account, the bank OWES you that money. 
It's a DEBIT.



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