Hi there, I have my Credit Cards set up each to its own account of type liability (because I owe it eventually) under a parent placeholder called "Credit Cards".
Each transaction goes into the account appropriate for the card in question. When I get the statement (download, however), I reconcile the card and match up receipts. Once that is done, I "Pay" the card (check, EFT, however) from my bank account. That reduces the balance in the CC account (backwards as it's a liability) and also reduces my bank account. Note there are options on how to display a CC type account, I have it so I enter the transactions on the "Charge" column and the payment in the "Payment" column. It's still Debit and Credits fundamentally so it works out. Anyway, I hope that helps. -greg -----Original Message----- From: gnucash-user [mailto:gnucash-user-bounces+fromvendor=outtacyte....@gnucash.org] On Behalf Of Boniforti Flavio Sent: Wednesday, September 18, 2024 4:43 PM To: gnucash-user@gnucash.org Subject: [GNC] Credit cards - how to deal with those? ... and another question from a noob: how to deal with credit card transactions? I usually would register it the day that I've done the transaction, so that I can trace each single credit card transaction. Of course I know that the money has not yet been deducted - it will happen once a month when the credit card invoice is emitted. But if I would register *only* the credit card invoice, I would lose track of each individual transaction - right? So what (for a private individual - no business case here) would be the most appropriate way to handle this? TIA, F. https://www.instagram.com/boniforti_music https://soundcloud.com/boniforti_music https://bonny-j.bandcamp.com _______________________________________________ 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.
