Yes, that is correct.
Saludos Cordiales Murugan ________________________________ From: Boniforti Flavio <bonifort...@gmail.com> Sent: 23 September 2024 12:40 To: Murugan Mariappan <m.muruganan...@hotmail.com> Cc: gnucash-user@gnucash.org <gnucash-user@gnucash.org> Subject: Re: [GNC] How to record a transaction which covers a time period in the past which is not in GnuCash? Thanks. So it becomes a "split transaction" looking like this? [image.png] (That's from the "Assets:Current Assets:Checking Account" view). F. https://www.instagram.com/boniforti_music https://soundcloud.com/boniforti_music https://bonny-j.bandcamp.com<https://bonny-j.bandcamp.com/> Am Mo., 23. Sept. 2024 um 17:12 Uhr schrieb Murugan Mariappan <m.muruganan...@hotmail.com<mailto:m.muruganan...@hotmail.com>>: To represent using normal labels Decrease Checking account 1136.80 Payment Credit Card account 252.55 Decrease Equity (opening balance)884.25 Saludos Cordiales Murugan ________________________________ From: Boniforti Flavio <bonifort...@gmail.com<mailto:bonifort...@gmail.com>> Sent: 23 September 2024 11:44 To: Murugan Mariappan <m.muruganan...@hotmail.com<mailto:m.muruganan...@hotmail.com>> Subject: Re: [GNC] How to record a transaction which covers a time period in the past which is not in GnuCash? Hi Murugan. Thanks. So it means I decrease my checking account as well as my Equity "Opening Balance"? F. https://www.instagram.com/boniforti_music https://soundcloud.com/boniforti_music https://bonny-j.bandcamp.com<https://bonny-j.bandcamp.com/> Am Mo., 23. Sept. 2024 um 15:39 Uhr schrieb Murugan Mariappan <m.muruganan...@hotmail.com<mailto:m.muruganan...@hotmail.com>>: You pass the balance entry to equity account ( the same account you used for offsetting your opening balance, this is to reflect your spending before your start period) Cr checking account 1136.80 Dr Credit Card account 252.55 Dr equity (opening balance)884.25 Saludos Cordiales Murugan ________________________________ From: gnucash-user <gnucash-user-bounces+m.muruganandam=hotmail....@gnucash.org<mailto:hotmail....@gnucash.org>> on behalf of Boniforti Flavio <bonifort...@gmail.com<mailto:bonifort...@gmail.com>> Sent: 23 September 2024 10:18 To: gnucash-user@gnucash.org<mailto:gnucash-user@gnucash.org> <gnucash-user@gnucash.org<mailto:gnucash-user@gnucash.org>> Subject: [GNC] How to record a transaction which covers a time period in the past which is not in GnuCash? Hi list. I don't know how to phrase it with a one-liner, thus the subject line might be unclear :-( I'll try to explain. I've started with GnuCash a couple of weeks ago, trying to understand how it works and how I can apply it to my personal finances. At one point I decided to put some real values in it and I put the "opening balances" for my bank accounts dating on the 31st of December, 2023. I am now slowly (but it is an exercise for me to understand how all this works) manually entering my transactions - please don't comment about this being time-consuming or similar: I know it already! :-) I do now have a situation which I don't know how to handle, therefore I'm posting here. I've entered all my credit card expenses for the month of January 2023. The credit card bill was emitted on January 14th and paid from my checking account on January 25th. I did the "reconciliation" on my Liabilities:Credit Card account but I did just reconcile 252.55 (which is the amount of credit card payments between 1st and 14th of January). But of course my checking account was reduced by the full amount of the credit card bill (1136.80). Now my understanding is that I have to reduce my checking account by the latter amount (1136.80), but I am under the impression that it would be wrong to transfer this amount to the "Liabilities:Credit Card" account, because there I don't have the credit card expenses from December 2023. So I'm confused on how to deal with the above. Is there a way I could enter some sort of "corrective transaction" to have the correct balance on my checking account (which should be -1136.80 and not only -252.55)? Thanks for your help already! F. https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.instagram.com%2Fboniforti_music&data=05%7C02%7C%7C17395c88f962426cc87d08dcdbd29899%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C638626944776832018%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=dGxU1K2G0qZO5XQl8ShqorEk%2B6ylsJzaD174oXfNaAI%3D&reserved=0<https://www.instagram.com/boniforti_music> https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fsoundcloud.com%2Fboniforti_music&data=05%7C02%7C%7C17395c88f962426cc87d08dcdbd29899%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C638626944776855411%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=NAIFuy2IQbWxSG3WlOYk2EIJICI6xkJJoFM2bN6yTIs%3D&reserved=0<https://soundcloud.com/boniforti_music> https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fbonny-j.bandcamp.com%2F&data=05%7C02%7C%7C17395c88f962426cc87d08dcdbd29899%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C638626944776868625%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=0jYjPQVXwk1Ux9nXFVrxz9Q518U9SI3JxDIG3z%2BNFrM%3D&reserved=0<https://bonny-j.bandcamp.com/> _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org<mailto:gnucash-user@gnucash.org> To update your subscription preferences or to unsubscribe: https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Flists.gnucash.org%2Fmailman%2Flistinfo%2Fgnucash-user&data=05%7C02%7C%7C17395c88f962426cc87d08dcdbd29899%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C638626944776880128%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=guYfZIOVwu7dJ%2FrB%2B17udrO5WjVbsdbaYBIeP%2FK13YM%3D&reserved=0<https://lists.gnucash.org/mailman/listinfo/gnucash-user> ----- Please remember to CC this list on all your replies. 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