Hi and thanks for your replies. I've gone through the tutorial chapter 7 and I think it's much clearer now. I'll try setting up the corresponding accounts and playing with them a bit to understand.
Many thanks, F. https://www.instagram.com/boniforti_music https://soundcloud.com/boniforti_music https://bonny-j.bandcamp.com Am Do., 19. Sept. 2024 um 18:57 Uhr schrieb R Losey <rlo...@gmail.com>: > The other account is what you purchased... usually an expense category. > Food? Dining? Clothing? Entertainment? It depends upon the expense accounts > you have set up, but it should answer the question "what did you use your > credit card to buy?" > > > > On Wed, Sep 18, 2024 at 5:08 PM Boniforti Flavio <bonifort...@gmail.com> > wrote: > >> Hi Greg and thanks for your reply. >> Indeed I see that I already have an account called "Credit Card", which >> type is in fact "Credit Card". >> I was trying to "simulate" such a transaction and I got stuck already: >> after entering the amount in the "Charge" column, I don't know which >> account I should select from the "Transfer" column. What would be the >> correct one? >> >> Thanks, >> F. >> >> https://www.instagram.com/boniforti_music >> https://soundcloud.com/boniforti_music >> https://bonny-j.bandcamp.com >> >> >> Am Mi., 18. Sept. 2024 um 23:56 Uhr schrieb fromvendor < >> fromven...@outtacyte.com>: >> >> > 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. >> > >> _______________________________________________ >> 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. >> > > > -- > _________________________________ > Richard Losey > rlo...@gmail.com > Micah 6:8 > _______________________________________________ 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.
