[GNC] Consolidated billing of two credit cards
Mark at Lorimark
mark at lorimarksolutions.com
Sun Jul 7 12:29:37 EDT 2024
(not an accountant)
I think you can make your one (1) payment to the bank, and then split
the portions of that payment for each card;
account Dr Cr
Bank $1000
CC1 $400
CC2 $600
So you're writing out one check and paying it towards the two credit
cards... does that resolve your issue?
~mark petryk
~c:469-556-5075
~w:http://www.lorimarksolutions.com
On 7/7/24 10:54, rsbrux via gnucash-user wrote:
> I have two credit cards from the same bank, which were previously
> handled completely separately and are therefor represented by separate
> accounts in GnuCash.
>
> Now the bank has consolidated the statements, but not completely. There
> is now a sinlge statement, but the charges and balance due are listed
> and summed up separateky for each card.
>
> However, the total due for both cards is now applied as a single charge
> to my bank account. Because of the separate totals on the statement, it
> is still convenient to reconcile the two credit card accounts separately.
>
> However, this results in two separate charges to the GnuCash bank
> account, which I then have to mentally add together to reconcile the
> bank account.
>
> This has led me to consider merging the two credit card accounts in
> GnuCash. How easy is this? Will this really make things easier, or am
> I better off sticking with the status quo?
>
> Thanks in advance for any tips!
>
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