[GNC] Importing CC Transactions, Positive or Negative, Debit or Credit?

[Michael or Penny Novack]

The statement from the credit card company is likely from THEIR point of 
view. Just like the statement of your bank account you get from your 
bank is from their point of view.

What you owe them is a credit in your books but a debit in theirs. What 
money they owe you is a debit in your books and a credit in theirs.

Michael D Novack

PS --- It was once always positive amounts in double entry bookkeeping 
(older than negative numbers were accepted in Western mathematics). The 
senses are not positive and negative but debit and credit. Those senses 
do not correspond (whether a debit is positive or negative depends on 
what kind of account -- same with credit.



On 1/16/2025 2:22 PM, Tom Balazs wrote:
> I just imported a bunch of credit card transactions from a CSV file. I
> imported them into a liability credit card account, positive values, column
> title "amount".
> But they all the purchases / charge transactions went into the "payment"
> column, not the "charge" column. All the other info imported fine.
>
> Apparently I have to make those transactions either a negative value, or
> the column title has to be "amount negated". Is that correct?
>
> Tom
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There is no possibility of social justice on a dead planet except the equality of the grave.