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

[Brad Morrison]

Hi David/GNUCash users, 

For those that do not know and/or want to learn more about how OFX works
within GNUCash -
https://wiki.gnucash.org/wiki/Setting_up_OFXDirectConnect &
https://wiki.gnucash.org/wiki/OFX_Direct_Connect_Bank_Settings (although
that information may not be current/still accurate). 

---
Thanks, 

Brad - https://www.facebook.com/brad.morrison.12327/ &
https://norcal.social/@BradMorrison 

On 2025-01-16 12:21, David Carlson wrote:

> FYI one of my credit cards produces OFX files that are reversed from the
> standard that the other cards all produce.  I suppose the same might happen
> with the CSV format but if so you should be able to adjust the settings to
> match.
> 
> On Thu, Jan 16, 2025, 1:56 PM Michael or Penny Novack via gnucash-user <
> gnucash-user at gnucash.org> wrote:
> 
> 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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