[GNC] How to record a transaction which covers a time period in the past which is not in GnuCash?

[Murugan Mariappan]

To represent using normal labels

Decrease  Checking account 1136.80
Payment  Credit Card account 252.55
Decrease Equity (opening balance)884.25






Saludos Cordiales


Murugan

________________________________
From: Boniforti Flavio <boniforti.f at gmail.com>
Sent: 23 September 2024 11:44
To: Murugan Mariappan <m.muruganandam at hotmail.com>
Subject: Re: [GNC] How to record a transaction which covers a time period in the past which is not in GnuCash?

Hi Murugan. Thanks.
So it means I decrease my checking account as well as my Equity "Opening Balance"?
F.

https://www.instagram.com/boniforti_music
https://soundcloud.com/boniforti_music
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Am Mo., 23. Sept. 2024 um 15:39 Uhr schrieb Murugan Mariappan <m.muruganandam at hotmail.com<mailto:m.muruganandam at hotmail.com>>:
You pass the balance entry to equity account ( the same account you used for offsetting your opening balance, this is to reflect your spending before your start period)

Cr checking account 1136.80
Dr Credit Card account 252.55
Dr equity (opening balance)884.25




Saludos Cordiales


Murugan

________________________________
From: gnucash-user <gnucash-user-bounces+m.muruganandam=hotmail.com at gnucash.org<mailto:hotmail.com at gnucash.org>> on behalf of Boniforti Flavio <boniforti.f at gmail.com<mailto:boniforti.f at gmail.com>>
Sent: 23 September 2024 10:18
To: gnucash-user at gnucash.org<mailto:gnucash-user at gnucash.org> <gnucash-user at gnucash.org<mailto:gnucash-user at gnucash.org>>
Subject: [GNC] How to record a transaction which covers a time period in the past which is not in GnuCash?

Hi list.

I don't know how to phrase it with a one-liner, thus the subject line might
be unclear :-(
I'll try to explain.

I've started with GnuCash a couple of weeks ago, trying to understand how
it works and how I can apply it to my personal finances. At one point I
decided to put some real values in it and I put the "opening balances" for
my bank accounts dating on the 31st of December, 2023. I am now slowly (but
it is an exercise for me to understand how all this works) manually
entering my transactions - please don't comment about this being
time-consuming or similar: I know it already! :-)

I do now have a situation which I don't know how to handle, therefore I'm
posting here.
I've entered all my credit card expenses for the month of January 2023. The
credit card bill was emitted on January 14th and paid from my checking
account on January 25th. I did the "reconciliation" on my
Liabilities:Credit Card account but I did just reconcile 252.55 (which is
the amount of credit card payments between 1st and 14th of January). But of
course my checking account was reduced by the full amount of the credit
card bill (1136.80). Now my understanding is that I have to reduce my
checking account by the latter amount (1136.80), but I am under the
impression that it would be wrong to transfer this amount to the
"Liabilities:Credit Card" account, because there I don't have the credit
card expenses from December 2023.

So I'm confused on how to deal with the above. Is there a way I could enter
some sort of "corrective transaction" to have the correct balance on my
checking account (which should be -1136.80 and not only -252.55)?

Thanks for your help already!
F.


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