I suppose the Account(s) would be most like case #2, they are individual Bank Accounts, with own Statements, and VISA enabled card as opposed to the old ATM card for withdrawing funds, no cheques - it was more or less the VISA bit that threw me
On 2018-05-08 09:27, Mike or Penny Novack '[1]stepbystepf...@dialup4less.com' via 33Mail wrote: On 5/7/2018 10:53 AM, Karen Stingel wrote: Thanks everyone for the responses, that things cleared up a lot The reason for my original Query is that my bank actually calls these transaction accounts "VISA Debit" and I wasn't sure where in the Tree they should go, as VISA is usually a Credit account and therefore a Liability. Since I viewed them as regular Bank accounts (not all have their cards issued at this time), I have created them as BANK accounts, but I wanted to check that was the correct place in the CoA before starting a new Book. We could be of much more help (advice how to handle) if you were able to describe for us what you are talking about. There are different types (oh dear, that word again) of "debit cards". Here are some possibilities. 1) You have a checking account. In addition to being able to write checks against this account you also have been issued a debit card against this account. This allows you to use the card for purchases that would otherwise require a credit card. The TOTAL limit on your card is the "funds available" in the account just like with checks but there may be a transaction size limit and a daily limit. Method -- no additional account involved. Treat transactions involving the card just as it they were checks except you probably lack a check number for them. 2) Like "1" except you have no checks. Method -- handle like "1" 3) Like "1" except not your bank account but a virtual account. Every month some agency adds an amount to your card balance. EBT cards, for example. Method -- I'd create an asset account for this even though it isn't really "mine" in the normal sense. 4) Gift cards, pre-paid debit cards, refund cards, etc. These might be restricted to a particular vendor. Method --- I'd create a "type" of asset for these as long as this is understood as simple a parent under assets in the CoA. I'd probably put pre-paid debit cards under current assets but might want to think hard about how to treat ones that were restricted as to use. Something else? Describe. Michael Method -- References 1. mailto:stepbystepf...@dialup4less.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 If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.