A "simple journal entry" is a journal entry that involves no more than two accounts.
A "compound journal entry" is a journal entry that involves more than two accounts. That's the 'easy' part. Now there are entries that involve multiple debits or multiple credits, or both, that only impact two accounts. This I personally call this a "split," as at least one debit or credit is being "split" into more than is necessary for the basics. Often the memos are important here. When the "transaction journal" in GnuCash is selected, GnuCash shows all the impacted accounts, and if "Double Line" is also selected, then it shows the memo field too. I'm not sure what the best use of "split" is, as this question reminds me of various seemingly simple questions, such as "Where does milk come from?" > On 01/18/2024 8:56 AM PST Adrien Monteleone <adrien.montele...@lusfiber.net> > wrote: > > > Fair enough. We need a new term for one of these things. It is a > repeated source of confusion & consternation. > > Regards, > Adrien > > On 1/18/24 9:54 AM, Michael or Penny Novack wrote: > > Except I would never refer to a transaction that affect JUST TWO > > accounts to have any "splits". When I use the term "splits" I mean that > > either there is more than one debit account, more than one credit > > account, or both. ALL transactions involve at least two accounts, at > > least one debit and at least one credit. That is fundamental to double > > entry bookkeeping. > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
