[GNC] Newbie: Gnucash credit card payment transactions don't make sense
Jim DeLaHunt
list+gnucash at jdlh.com
Sat May 24 17:55:10 EDT 2025
Deborah:
Welcome to GnuCash! I hope we are able to get your questions answered.
On 2025-05-24 14:32, Deborah Robson wrote:
> I’ve reviewed the concepts and tutorial and spent a couple of days trying to figure out what’s going on with payments from ASSET:CHECKING to CREDIT CARD accounts....
> #1:
> Checking account payments correctly reduce value of asset account.
> In credit card account, payments INCORRECTLY increase the amount owed, and should decrease it.
>
> #2:
> Checking account payment INCORRECTLY increases the value of the asset account, and should decrease it.
> In credit card account, payment correctly decreases the amount owed.
> ...
I suggest you check your structure of accounts, and the type of your
CHECKING and CREDIT CARD accounts.
It looks like your CHECKING account is underneath the Asset top-level
account, as it should be.
Are the CREDIT CARD accounts under the Liability top-level account?
Are they all of type "Credit Card"?
What you describe is consistent with the Credit Card account being the
same "Asset" or "Bank" type as the CHECKING account. See
"*Table 5.1. Types of |GnuCash| Accounts.*" in the *GnuCash Manual*.
Does this help?
—Jim DeLaHunt
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