Re: [GNC] credit account negative balance increases with payment

On 07 March 2023 at 18:50, R Losey said: > But it's not just the split transaction; EVERY charge is decreasing the > balance. It's like it thinks there was some huge overpayment and every > charge is reducing that balance. > > The attachment you provided doesn't have any payments, but every

Re: [GNC] credit account negative balance increases with payment

But it's not just the split transaction; EVERY charge is decreasing the balance. It's like it thinks there was some huge overpayment and every charge is reducing that balance. The attachment you provided doesn't have any payments, but every charge looks like mine. (I did discover that I have the

Re: [GNC] credit account negative balance increases with payment

I didn't notice that. I must be getting bleary eyed looking through accounts. Here is the split transaction. I credited ( new charge ) to the credit card and debited ( new debit ) to the Expenses:Dining account. and yes the balance owed was reduced by that amount. Still something is not right. I

Re: [GNC] credit account negative balance increases with payment

You explain the problem precisely. Charges do increase the balance owed. The problem is that payments increase the balance owed regardless of whether the balance is displayed as a negative number or a positive number. I understand everyone thinking it is a data entry error but the opposite side

Re: [GNC] credit account negative balance increases with payment

On 2023-03-06 09:45, Michael or Penny Nova ck wrote: > Based on decades in the cypher mines (very senior analyst) might I point > something out. If you have four credit card accounts and three of them > are working properly as expected but one is not << the problem you are > describing >> the

Re: [GNC] credit account negative balance increases with payment

It's under Preferences >> Accounts if you're still looking. Regards David H. [image: image.png] On Tue, 7 Mar 2023 at 03:44, R Losey wrote: > From reading the posts on this list, I still think this is a data entry > issue... It is correct that payments should lower the balance... > > But are

Re: [GNC] credit account negative balance increases with payment

As I noted above, with the 'Reverse Balance' preference set to Credit Accounts, a balance due on a Liability will show as positive. Negative will only display if you've overpaid. (a 'contra-balance' condition) Payments therefore would make a Liability balance more negative (away from zero).

Re: [GNC] credit account negative balance increases with payment

No. That shows a 'contra condition' as negative numbers. The normal balance for a Liability (when you owe someone else) is a Credit balance. GnuCash represents Credit balances as negative numbers. If you have 'reverse balance' set to Credit Accounts, than those accounts will only show

Re: [GNC] credit account negative balance increases with payment

<< aside first -- general user advice >> My computer recently automatically upgraded the OS to Ubuntu 22.04.2 and Linux kernel to 5.19.0-35. I may be grasping at straws here but could that be the problem? I may have been working in GC at the time of the upgrade. Do NOT allow automatic upgrade

Re: [GNC] credit account negative balance increases with payment

On 06 March 2023 at 9:47, Custom Shots said: > The credit card starts as Liabiliies:CreditCard:"specificcreditcard" It's > not that charges are reducing the balance. Charges and Payments, both, > increase the balance owed. The other half of the transaction, calculates > correctly. Not on the

Re: [GNC] credit account negative balance increases with payment

From reading the posts on this list, I still think this is a data entry issue... It is correct that payments should lower the balance... But are charges being entered correctly? When you enter a credit card payment, it "has" to be correct, because you know it takes money away from your bank

Re: [GNC] credit account negative balance increases with payment

The Parent Account is irrelevant to whether the account is a debit-balance or a credit-balance account, only the Account Type matters. The screenshot shows the bottom of the Edit Account dialog for a correctly configured credit card account. If for your account the Account Type is anything

Re: [GNC] credit account negative balance increases with payment

23 1:48 PM To: Murugan Muruganandam mailto:m.muruganan...@hotmail.com>> Cc: john mailto:jra...@ceridwen.us>>; gnucash-user@gnucash.org<mailto:gnucash-user@gnucash.org> mailto:gnucash-user@gnucash.org>> Subject: Re: [GNC] credit account negative balance increases with pay

Re: [GNC] credit account negative balance increases with payment

: Murugan Muruganandam mailto:m.muruganan...@hotmail.com>> Cc: john mailto:jra...@ceridwen.us>>; gnucash-user@gnucash.org<mailto:gnucash-user@gnucash.org> mailto:gnucash-user@gnucash.org>> Subject: Re: [GNC] credit account negative balance increases with payment Yes, they are

Re: [GNC] credit account negative balance increases with payment

am > *Cc:* john ; gnucash-user@gnucash.org < > gnucash-user@gnucash.org> > *Subject:* Re: [GNC] credit account negative balance increases with > payment > > Yes, they are all Liabilities:CreditCard:"specificcreditcard" > > On Mon, Mar 6, 2023 at 9:47 AM Cus

Re: [GNC] credit account negative balance increases with payment

I'm going to answer your questions one by one but for clarification, I've been using GC for years. I always balance my accounts monthly. GC has always performed flawlessly. Yes, I have made mistakes now and again and I resolved them with adjusting transactions. I don't remember when I opened the

Re: [GNC] credit account negative balance increases with payment

Thanks for confirming that you selected Reverse Balance Accounts: Credit Accounts. That's the setting I use, so I can speak confidently about how GC works in our case. I'm assuming (I think we all are) that when you created the account and entered your opening balance, you owed money on the

Re: [GNC] credit account negative balance increases with payment

; on behalf of Custom Shots > > >> *Sent:* Monday, March 6, 2023 1:09 PM >> *To:* john >> *Cc:* gnucash-user@gnucash.org >> *Subject:* Re: [GNC] credit account negative balance increases with >> payment >> >> John Ralls, >> In GnuCash Prefer

Re: [GNC] credit account negative balance increases with payment

- > *From:* gnucash-user hotmail@gnucash.org> on behalf of Custom Shots > *Sent:* Monday, March 6, 2023 1:09 PM > *To:* john > *Cc:* gnucash-user@gnucash.org > *Subject:* Re: [GNC] credit account negative balance increases with > payment >

Re: [GNC] credit account negative balance increases with payment

: Monday, March 6, 2023 1:09 PM To: john Cc: gnucash-user@gnucash.org Subject: Re: [GNC] credit account negative balance increases with payment John Ralls, In GnuCash Preferences: Accounts: Reverse Balance Accounts: Credit Accounts is selected. That shows amounts owed as negative numbers. After

Re: [GNC] credit account negative balance increases with payment

Mar 6, 2023 10:11:40 Custom Shots : > This is happening with only one credit account. I have four credit > accounts. The other three are working properly. This one in question is the > only one that is incorrect. Are they all set as type "credit card"? If you right click the account and click

Re: [GNC] credit account negative balance increases with payment

> On Mar 5, 2023, at 7:03 AM, Michael or Penny Novack > wrote: > > On 3/4/2023 1:26 PM, Custom Shots wrote: >> I just noticed this. Something has changed. I keep 30 day backups and this >> has been going on in all my backups. When I add a payment transaction to my >> credit card account the

Re: [GNC] credit account negative balance increases with payment

On 3/4/2023 1:26 PM, Custom Shots wrote: I just noticed this. Something has changed. I keep 30 day backups and this has been going on in all my backups. When I add a payment transaction to my credit card account the negative balance increases instead of decreasing. Any clues to what is

Re: [GNC] credit account negative balance increases with payment

I was sure someone else would say this. My credit card balance is positive, not negative - as I add charges, the positive total goes up... as I make payments, the total goes down. I'm guessing that all of your charges are reversed. On Sat, Mar 4, 2023 at 2:46 PM Derek Atkins wrote: > Are you

Re: [GNC] credit account negative balance increases with payment

Taking into consideration the advice given by others here, now try changing Edit>Preferences>Accounts>Reverse Balanced Accounts to None from Credit. This will change the running balance in your credit card accounts to the red color that you prefer, but it will not change the text color, signs or

Re: [GNC] credit account negative balance increases with payment

I would take Stan's advice and change, at least temporarily, to the formal accounting labels. The logic implemented in GnuCash to keep to the accounting formalism is most clearly expressed in that format. Yes --- those new to double entry bookkeeping can be easily confused by the

Re: [GNC] credit account negative balance increases with payment

I would take Stan's advice and change, at least temporarily, to the formal accounting labels. The logic implemented in GnuCash to keep to the accounting formalism is most clearly expressed in that format. A purchase made via a Credit card account (a liability) will have a an entry with a split

Re: [GNC] credit account negative balance increases with payment

Are you sure you have all your CC Charges entered correctly? It sounds like something is being entered backwards. -derek On Sat, March 4, 2023 2:28 pm, Custom Shots wrote: > That's exactly what I'm saying. I owe $500. That's a negative balance in > my credit card account, showing in red with a

Re: [GNC] credit account negative balance increases with payment

> On Sat, Mar 4, 2023, 11:54 AM Stan Brown > wrote: > [snip] > You might take a look in Edit » Preferences » Accounts, under "Reverse > Balanced Accounts". I can't remember the details from when I set up my > data file a few years ago, but I do

Re: [GNC] credit account negative balance increases with payment

That's exactly what I'm saying. I owe $500. That's a negative balance in my credit card account, showing in red with a minus sign. I enter a payment of $200 and the negative balance increases to -$700. The negative balance should decrease to -$300. Yet the other half of the transaction correctly

Re: [GNC] credit account negative balance increases with payment

On 2023-03-04 10:26, Custom Shots wrote: > I just noticed this. Something has changed. I keep 30 day backups and this > has been going on in all my backups. When I add a payment transaction to my > credit card account the negative balance increases instead of decreasing. > Any clues to what is

[GNC] credit account negative balance increases with payment

I just noticed this. Something has changed. I keep 30 day backups and this has been going on in all my backups. When I add a payment transaction to my credit card account the negative balance increases instead of decreasing. Any clues to what is happening? I am using GnuCash Version: 4.8 Build ID: