Re: [GNC] Interest Income

2023-02-21 Thread Abe Sternberg
I know, more or less, what I'm doing now. Alan A Holmes -Original Message- From: gnucash-user On Behalf Of Abe Sternberg Sent: 20 February 2023 20:17 To: Gyle McCollam;gnucash-user@gnucash.org Subject: Re: [GNC] Interest Income I understand that part. If I buy clothes, I debit (-

Re: [GNC] Interest Income

2023-02-21 Thread Alan A Holmes
Abe Sternberg Sent: 20 February 2023 20:17 To: Gyle McCollam ; gnucash-user@gnucash.org Subject: Re: [GNC] Interest Income I understand that part. If I buy clothes, I debit (-) the checking account and credit the clothes (+) account. It is when things are not obvious or go to something like an eq

Re: [GNC] Interest Income

2023-02-20 Thread R Losey
In your example, one account is the savings account and the other would be something like "Income:Interest Income". I'm a non-bookkeeper (though I have had an overview of accounting); unfortunately, the general language which we use has "debit" used to mean "to take away from" and "credit" meaning

Re: [GNC] Interest Income

2023-02-20 Thread Stan Brown (using GC 2.6.19)
Thanks -- glad to be of help! I should just save it as a file rather than rewriting it from scratch every time, because as you can probably guess, it's a frequently asked question. Stan Brown Tehachapi, CA, USA https://BrownMath.com On 2023-02-20 14:26, Abe Sternberg wrote: > Excellent definitio

Re: [GNC] Interest Income

2023-02-20 Thread Abe Sternberg
Excellent definition.  I know all the theory, but translating it into transactions isn't always easy for me.  I like the way you put it. Thanks, Abe On 2/20/2023 16:25, Stan Brown wrote: On 2023-02-20 12:16, Abe Sternberg wrote: I understand that part.  If I buy clothes, I debit (-) the check

Re: [GNC] Interest Income

2023-02-20 Thread Stan Brown
On 2023-02-20 12:16, Abe Sternberg wrote: > I understand that part.  If I buy clothes, I debit (-) the checking > account and credit the clothes (+) account.  It is when things are not > obvious or go to something like an equity account that I am totally at sea. I think you mean you _credit_ the c

Re: [GNC] Interest Income

2023-02-20 Thread David Cousens
; > > > Gyle McCollam > > > > gmccol...@live.com <mailto:gmccol...@gyleshomes.com>email > > > > > > *From:* Abe Sternberg > > *Sent:* Monday, February 20, 2023 2:53 PM > > *To:* Gyle McCollam ; gnucash-user@gnucash.org  &

Re: [GNC] Interest Income

2023-02-20 Thread Abe Sternberg
--- > *From:* gnucash-user > on behalf of Abe > Sternberg > *Sent:* Monday, February 20, 2023 12:46 PM > *To:* gnucash-user@gnucash.org > *Subject:* [GNC] Interest Income > I have just started usin

Re: [GNC] Interest Income

2023-02-20 Thread Abe Sternberg
h-user@gnucash.org *Subject:* Re: [GNC] Interest Income That sounds too simple - I'll try it.  I really get confused with this double-entry business, but these records are for a non-profit and I have to be sure they are kept correctly. Regards, Abe On 2/20/2023 14:31, Gyle McCollam wr

Re: [GNC] Interest Income

2023-02-20 Thread Gyle McCollam
sh.org Subject: Re: [GNC] Interest Income That sounds too simple - I'll try it. I really get confused with this double-entry business, but these records are for a non-profit and I have to be sure they are kept correctly. Regards, Abe On 2/20/2023 14:31, Gyle McCollam wrote: Just a thou

Re: [GNC] Interest Income

2023-02-20 Thread Abe Sternberg
yleshomes.com>email *From:* gnucash-user on behalf of Abe Sternberg *Sent:* Monday, February 20, 2023 12:46 PM *To:* gnucash-user@gnucash.org *Subject:* [GNC] Interest Income I have just started using Gnucash for my

Re: [GNC] Interest Income

2023-02-20 Thread Gyle McCollam
Gyle McCollam gmccol...@live.com<mailto:gmccol...@gyleshomes.com> email From: gnucash-user on behalf of Abe Sternberg Sent: Monday, February 20, 2023 12:46 PM To: gnucash-user@gnucash.org Subject: [GNC] Interest Income I have just started using

Re: [GNC] Interest Income

2023-02-20 Thread Gyle McCollam
er on behalf of Abe Sternberg Sent: Monday, February 20, 2023 12:46 PM To: gnucash-user@gnucash.org Subject: [GNC] Interest Income I have just started using Gnucash for my savings account, not much money involved here, and wanted to enter my first transaction. Not being good at double-entry bookk

[GNC] Interest Income

2023-02-20 Thread Abe Sternberg
I have just started using Gnucash for my savings account, not much money involved here, and wanted to enter my first transaction.  Not being good at double-entry bookkeeping, I have no idea what are the two off-setting accounts.  I imagine that I use income, but what is the other account? Than