On 2024-07-07 09:29, Mark at Lorimark wrote: > (not an accountant) > > I think you can make your one (1) payment to the bank, and then split > the portions of that payment for each card; > > account Dr Cr > Bank $1000 > CC1 $400 > CC2 $600 > > So you're writing out one check and paying it towards the two credit > cards... does that resolve your issue?
That's similar to what I was going to suggest, but I think you've reversed debits and credits. rsbrux's bank account is an asset on rsbrux's books, so writing a check or having an automatic payment made reduces the balance, which is a credit. The two credit cards are liabilities on rsbrux's books, so the reductions in their balances through paying the balances due are debits. This is an easy mistake to make, because the banks use the words "debit" and "credit" to match how things are on _their_ books, which is exactly opposite to how they are on the consumer's books. The transaction I would enter is: Debit to My Credit Card #1: $400 Debit to My Credit Card #2: $600 Credit to My Bank Account: $1000 Stan Brown Tehachapi, CA, USA https://BrownMath.com > ~mark petryk > ~c:469-556-5075 > ~w:http://www.lorimarksolutions.com > > On 7/7/24 10:54, rsbrux via gnucash-user wrote: >> I have two credit cards from the same bank, which were previously >> handled completely separately and are therefor represented by separate >> accounts in GnuCash. >> >> Now the bank has consolidated the statements, but not completely. >> There is now a sinlge statement, but the charges and balance due are >> listed and summed up separateky for each card. >> >> However, the total due for both cards is now applied as a single >> charge to my bank account. Because of the separate totals on the >> statement, it is still convenient to reconcile the two credit card >> accounts separately. >> >> However, this results in two separate charges to the GnuCash bank >> account, which I then have to mentally add together to reconcile the >> bank account. >> >> This has led me to consider merging the two credit card accounts in >> GnuCash. How easy is this? Will this really make things easier, or >> am I better off sticking with the status quo? >> >> Thanks in advance for any tips! >> >> _______________________________________________ >> 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. _______________________________________________ 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.
