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, and never had to get the answer correct on a final exam so I prefer to have GnuCash set to use informal accounting labels instead of the the formal Debit/Credit. Then I can see the loan balance decrease as it is paid off. Of course, the loan account is of the Liability type in GnuCash. So, to answer your first question, I would say source and destination in QIF imports are not the same as Debit and Credit, and source and destination are reversed when the transaction is imported into a loan account, but the sign in the amount should not be reversed to reflect that, because the loan account type should cause the (source/Destination) reversal, leaving Debit and Credit the same. The answer to your second question is that Cash Flow and Profit/Loss are not the same, so they will not look the same in reports. On Thu, Oct 19, 2017 at 4:56 AM, lebyarules via gnucash-user < gnucash-user@gnucash.org> wrote: > 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 few > things. what is the destination account for importing loan transactions? my > banks statement shows the principal, interest, and bank fees. is the > destination account meant to be liabilities-loan or assets-bank? secondly, > if i send interest to expense-bank interest, then this affects my cash flow > or profit/loss. im not paying the interest pm its just added back onto my > total loan amount so nothing is deducted from my asset-bank. > > example from my bank loan statement: > 01Jul2017 PAYMENT - THANK YOU -3982.55 > 31Jul2017 ADMIN FEE 68.4 > 01Aug2017 INTEREST 2392.66 > 01Aug2017 PAYMENT - THANK YOU -3936.94 > 31Aug2017 ADMIN FEE 68.4 > 01Sep2017 INTEREST 2336.44 > > > any advice would be appreciated for the setup. > thanks > > > > > > -- > Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.