Re: loan account issue

2017-10-20 Thread DaveC49
The bank considers its loan to you as an asset, the fees and interest charges to the loan account are income to the bank, so the offset account for the bank for these transactions is an income account. These transactionsto the asset :loan account of the bank will increase the value of their asset,

Re: loan account issue

2017-10-19 Thread David Carlson
Your problem arises often. Sometimes it is not even handled correctly by the financial institution. In the QIF import the same transaction will be reversed when it is imported into the loan account compared to when it is imported into the bank account IIRC. I did not take Accounting in college,

Re: loan account issue

2017-10-19 Thread Derek Atkins
Hi, lebyarules via gnucash-user writes: > hi all > > i have a very similar issue to a previous poster when i import my bank > statement all is fine, but importing a loan account statement and dr and cr > are reversed. so any payment towards the loan results in a bigger

loan account issue

2017-10-19 Thread lebyarules via gnucash-user
hi all i have a very similar issue to a previous poster when i import my bank statement all is fine, but importing a loan account statement and dr and cr are reversed. so any payment towards the loan results in a bigger loan. i know i could just manually change them but i just wanted to confirm a