On 4/10/19 11:47 PM, David Cousens wrote:
Todd,
The conceptual bit behind double entry bookkeeping is that when you charge
something to your credit card you:
1. Increase the balance of your credit card (a credit entry); and at the
same time
2. Increase the balance of an expense account ( a debit entry).
Hi David,
Do I set up two separate accounts for 1 and 2 above?
Similarly when you pay your credit card you:
1 Decrease the balance in your bank account (a credit entryand at the same
time
Uhhhh. I pay my card off from all different sources. I do not
want them linked. I only care that a payment was made. From
where, I don't care. I basically want my credit card accounts to be
stand alone.
1 Decrease the balance of your credit card account (a debit entry).
As Adrien suggested, reading the introductory material will introduce you to
the jargon used and provide the necessary background to effectively use
GnuCash.
David Cousens
Oh no doubt. The learning curve is going to kill me.
Thank you for all the help,
-T
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