Re: [GNC] Can someone confirm if this split transaction is correct?

On Mon, 12 Dec 2022 at 20:49, Michael or Penny Novack < stepbystepf...@comcast.net> wrote: > On 12/12/2022 8:21 AM, Dr. David Kirkby wrote: > > > Given a simple transaction has two splits, how many should this have? > > > We aren't going to be able to help much while fundamental concepts are >

Re: [GNC] Can someone confirm if this split transaction is correct?

At Mon, 12 Dec 2022 15:12:55 -0600 (CST) Mark Penner wrote: > > > Dec 12, 2022 14:39:13 Dr. David Kirkby : > > > So at one point your PayPal account has the full amount, then you split > > that, so the fees are removed? > > When you process payment, you'll get a transaction like: > Debit 

Re: [GNC] Can someone confirm if this split transaction is correct?

Dec 12, 2022 14:39:13 Dr. David Kirkby : So at one point your PayPal account has the full amount, then you split that, so the fees are removed? When you process payment, you'll get a transaction like: Debit  Paypal: 906 Credit A/R: 906 Edit that transaction by subtracting the fee from the

Re: [GNC] Can someone confirm if this split transaction is correct?

On 12/12/2022 8:21 AM, Dr. David Kirkby wrote: Given a simple transaction has two splits, how many should this have? We aren't going to be able to help much while fundamental concepts are misunderstood because that would affect the meaning of terms. a) In double entry bookkeeping the

Re: [GNC] Can someone confirm if this split transaction is correct?

On Mon, 12 Dec 2022 at 18:56, Mark Penner via gnucash-user < gnucash-user@gnucash.org> wrote: > > Dec 12, 2022 10:26:24 Dr. David Kirkby : > > > Now I'm a bit lost on what I should be doing. > > > > When I create the invoice > > > > Business -> Customer -> ,New Invoice, > > > > a copy of which I

Re: [GNC] Can someone confirm if this split transaction is correct?

Hi, On Mon, December 12, 2022 1:56 pm, Mark Penner via gnucash-user wrote: > > Dec 12, 2022 10:26:24 Dr. David Kirkby : > [snip] >> I can only select one transfer account, which is not what I want to do. >> >> What item(s) on the menu should I be using to make the correct debits >> and >> credits

Re: [GNC] Can someone confirm if this split transaction is correct?

Dec 12, 2022 10:26:24 Dr. David Kirkby : Now I'm a bit lost on what I should be doing. When I create the invoice Business -> Customer -> ,New Invoice, a copy of which I will send to the customer, I don't want the PayPal fees showing. So I post the invoice without the PayPal fees showing.

Re: [GNC] Can someone confirm if this split transaction is correct?

On Mon, 12 Dec 2022 at 13:31, Murugan Muruganandam < m.muruganan...@hotmail.com> wrote: > David > > your transactin should be entered as follows > > Credit Receivable: 906 > Debit Paypall : 867.74 > Debit expenses : 38.26 > Now I'm a bit lost on what I should be doing. When I create the

Re: [GNC] Can someone confirm if this split transaction is correct?

Dr David Kirkby Ph.D Email: drkir...@kirkbymicrowave.co.uk Web: https://www.kirkbymicrowave.co.uk/ Kirkby Microwave Ltd (Tel 01621-680100 / +44 1621-680100) Stokes Hall Lodge, Burnham Rd, Chelmsford, Essex, CM3 6DT. On Mon, 12 Dec 2022 at 13:29, Derek Atkins wrote: > You should have three

Re: [GNC] Can someone confirm if this split transaction is correct?

User Subject: [GNC] Can someone confirm if this split transaction is correct? I am finally getting to understand this program a bit better, and are entering my company accounts. I just want to check if this looks right for a PayPal transaction for £906, where fees were £38.26. I'm a bit puzzled

Re: [GNC] Can someone confirm if this split transaction is correct?

You should have three splits. You entered 4 splits (two splits into Assets:PayPal:GBP). That's why it's showing up twice. Instead, you should merge those into a single split of 906-38.26, because your Asset account really only increased by 867.74 -derek On Mon, December 12, 2022 8:21 am, Dr.