Edy, GnuCash is a double entry accounting system. There is no "placing of money from a POS under income and transferring it to the Cheque account". Each transaction associated with a POS sale has two components one of which increases the balance of the Cheque account (a debit to the Cheque account) and a component which increases the balance of an Income account (a credit to the Income account). Every transaction in a double entry accounting system affects the balance of at least two accounts and has at least one debit component and one credit component. For a single transaction the sum of the debit components is equal to the sum of the credit components. Thinking of these components as a transfer confuses the issue. There is no transfer in your books but the transaction does correspond to the transfer of funds from the customer to you.
I would suggest reading as much as you can on double entry accounting systems (Wikipedia has quite a good explanation) and then read the Tutorial and Concepts guide for GnuCash (https://www.gnucash.org/docs.phtml), particularly Section 2.1 on Accounting Concepts. Debits and Credits have a specific meaning in double entry accounting and whether they increase or decrease the balance in an account depends upon the type of account (Asset, Liability, Equity, income or Expense). See notes on the Accounting Equation which defines the relationships between account types. GnuCash offers an optional Deposit/Withdrawal naming or the formal accounting Debit/Credit naming. After going through the above material come back if you are still having difficulty. David ----- 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.
