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, i.e. they will be debits.
Your payments to the bank on the other hand decrease the value of one asset of theirs, their loan to you, and increase the value of of another asset of theirs, their cash holdings. As these decrease their asset they will be credits to that account Their statement to you only contains the parts (splits in Gnucash parlance) of these transactions that affect their asset account for the loan to you. Using the values for 1 Aug, the transactions in the bank's acconts look like: Debit | Credit ------------------------------------------ Asset:Loan 68.40 | Income:Fees & Interest | 68.40 Asset:Loan 2392.66 | Income:Fees&Interest | 2392.66 Asset:Loan | 3936.94 Asset:Cash 3936.94 | In your hands, the same loan is recorded as a Liability and the Fees and Interest charges increase your liability. An increase in a Liability account is recorded in a split with a credit to that account and a corresponding debit to your Expense account for Fees and Interest. Your loan payment decreases your Liability to the bank, i.e. it is a debit to that liability account, but decreases your cash in your bank account asset, i.e. it is a credit to that account in your accounts. Using the same transactions for 1 Aug you should see in your accounts after importing into the Loan:Liability account ( note you will have to select the Expense:Fees&Interest and Asset:Bank:Cash accounts as the transfer accounts for each component while importing. Debit | Credit ------------------------------------- Liability:Loan | 68.40 Expense:Fees&Interest 68.40 | Liability:Loan | 2392.66 Expense:Fees&Interest 2392.66 | Liability:Loan 3936.94 | Asset:Bank:Cash | 3936.94 If the QIF does not import as above, I would compare the QIF files for an import of your bank savings/cheque account with the QIF file for the loan above and check the signs associated with deposits and withdrawals from your savings/cheque account. For the bank your savings/cheque account is a Liability. I would expect that your deposits should appear as positive amounts and your withdrawals should be negative amounts in the QIF file (see https://en.wikipedia.org/wiki/Quicken_Interchange_Format) for yoursaving/cheque accoount statement/QIF file if the bank is following this format. Correspondingly for the loan account QIF file, the fees and interest should be positive(or unsigned) and payments should be negative in the QIF as they appear in your statement. Hope this helps sort this problem for you rather than confusing the issue further. David Cousens. ----- David Cousens -- 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.