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 (-
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
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
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
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
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
; >
> > 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
&
---
> *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
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
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
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
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
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
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
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