[GNC] Newbie: Gnucash credit card payment transactions don't make sense
John Ralls
jralls at ceridwen.us
Sat May 24 18:03:10 EDT 2025
> On May 24, 2025, at 14:32, Deborah Robson <robson.deborah at gmail.com> wrote:
>
> What am I doing wrong? ? ? ? ?
It looks like you made the CC account type ASSET instead of CREDIT CARD or LIABILITY. When not using formal labels the register for an ASSET account uses Increase for the left (debit) column and Decrease for the right (Credit) column; the register for a LIABILITY account reverses them so that Invrease is on the left and Decrease is on the right.
Consider using account type BANK for your checking account: That will change the labels to Deposit and Withdrawal. Similarly using type CREDIT CARD for the CC account will make the labels Payment and Charge.
Next, read the Accounting Basics chapter of the Tutorial and Concept Guide (get it from the Help menu or visit https://www.gnucash.org/docs/v5/C/gnucash-guide/basics-accounting1.html) to learn why the left and right columns have to sum up to the same value.
Regards,
John Ralls
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