On 9/18/24 4:56 PM, fromvendor wrote:
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.
An alternative, which I haven't seen mentioned, is to "batch" the transactions on a statement into a single transaction and use splits for the individual charges. The has the advantage of keeping the account register less cluttered, but it does mean that you lose the date information for the individual charges. (I actually take it a step further and split each statement into separate transactions for the 2 calendar months that it covers. For example, my 19 September credit card statement will be split into two transactions -- "19 Sept 2024 statement - Aug transactions" and "19 Sept 2024 statement - Sept transactions.") -- ======================================================================== Google Where SkyNet meets Idiocracy ======================================================================== _______________________________________________ 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.
