On January 21, 2003 05:20 pm, Chris Morgan wrote: > It does, my beef is mostly with balancing AFTER the importing. > If I try to balance credit card debits and I have yet to > import my checking or savings account then why bother? Thats > why it makes sense to have an autobalacing feature that you > can run at any time.
No, it doesn't. You are supposed to enter your transactions in one of two ways (assuming there is an import involved, with the ofx/hbci importer). 1- You are a "Do everything daily" kind of guy. So you write a GnuCash transactions everytime you write a check, spend money, etc. Say you spend 40$ on your credit card at "Overpriced Restaurant". When you come back or at the end of the week when you get rid of all the receipt in your wallet, you enter a 40$ transaction from "Credit Card" to "Expenses->Restaurant", or whatever. At the end of the week, month, year or whenever, you download your credit card statement. The importer will spot duplicates (with a confidence level) and by default mark them as cleared. Transactions you forgot will proably not match, and the importer will have an inconclusive match or consider them as new and treat them like in the next case. 2- You are an "Do everything at once kind of guy". You don't write your transactions as they occur, instead you download your statement at the end of the month. Now the importer should find that all transactions in your credit card are new (except maybe payments, if you imported your checking account prior to your credit card account). The first time, all transactions will say "Need an account to Auto-Balance xxx$". You pick an account for each one. In the caase of the 40$ we talked about, you select "Expenses->Restaurant" (the importer already knows it's coming from "Credit Card"). Now the next month, you don't learn and go to "Overpriced Restaurant" again. Assuming your bank give you a minimum of info electronically, the importer will remember that a transaction at "Overpriced Restaurant" from account "Credit Card", goes to "Expenses->Restaurant". All transactions are already cleared at this stage. In both scenarios, all transactions are balanced, in the exact same accounts, at creation time. -- Benoit Gr�goire http://step.polymtl.ca/~bock/ _______________________________________________ gnucash-devel mailing list [EMAIL PROTECTED] http://www.gnucash.org/cgi-bin/mailman/listinfo/gnucash-devel
