Thanks for the insights, everyone!
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Please remember to CC
The way I handle this is to create a subaccount of my bank accounts labeled
“Bank1:ACH” for automated clearing house.
Then the transactions look like this (where Db means debit, Cr means credit,
and assuming credit card is paid $1000.00)
Bank1 is an account of type bank (an asset),
ACH is a
One way to think about the float is to, well, not think about it. When you
pay you credit card company with bill pay, those funds are "gone" in the
sense you really should not use them for another transaction. So, enter the
transaction as you have been doing. Your gnucash bank balance will be
I think the answer is "What works best for you."
When most of our bank account transactions were checks (cheques in many
countries) we entered each check by date and number in the checkbook
register. When the bank statement came we compared it to our register,
checking off each one that appeared
Remember that your books are supposed to reflect your view of the
transactions you are making, not those of other entities.
Instead of a credit card payment or an account-to-account transfer,
consider the more traditional case of paying a vendor with a check.
On January 1st, you buy a CD from a
Hey all,
I've been using/loving GNUCash for almost a year now, and one thing I'm sure
I'm doing wrong is how I'm showing credit card payments.
For paying credit card bills, I just use my bank's bill pay. The bank is
different from the credit card provider, so there's some "in-flight" time
for
