>From an accounting perspective, this is just a current asset account like any other bank account. There is not really any need for any new sort of account type specifically for it. Perhaps just indicating in the account name that a debit card is attached, if you specifically need to know that. The VISA debit card is simply a more convenient method for making a withdrawal against the balance of the account, as it does not confer any credit and thus raise a liability. There is not really any difference to an EFT funds transfer particularly where interbank clearances are now almost occurring in real time.
With my wife's debit card, the bank records the debits against the account as they are made (except perhaps the time taken for digital transmission of the information to them from the vendor) when the card is used but the transaction appears to be recorded at the time the vendor records the transaction not necessarily when the bank receives it. ----- David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
