Hi,
On Mon, December 16, 2024 3:42 pm, Chandler Sobel-Sorenson via
gnucash-user wrote:
> This seems backwards to me: I'd associate "Funds In" with "Credit" and
> "Funds Out" with "Debit". This has caused me to enter several scheduled
> transactions backwards. Is it something that should be corrected?
Yes, you need to correct your association, because you associate it
incorrectly. A Debit is when value goes into an account, and a Credit is
when value leaves an account. When you deposit cash into your bank, that
is a Debit to your Asset account!
You probably get it wrong because you're using the BANK'S side notation.
To them, your account is a Liability, not an Asset -- so when you deposit
cash with them it Credits the Liability (therefore increasing the amount
they owe to you).
I recommend you read the GnuCash documentation which goes into great
detail about this.
Good Luck!
> Thanks,
> Chandler
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
-derek
--
Derek Atkins 617-623-3745
de...@ihtfp.com www.ihtfp.com
Computer and Internet Security Consultant
_______________________________________________
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.
