On 2019-04-10 23:48, ToddAndMargo via gnucash-user wrote: > So, do I set up two account for every credit card? Will > the link cover this? >
You set up one account for the card (Liabilities: Credit Card), one for the bank (Assets: Bank) and then you have as many set up as you want for expenses. When you buy something, charge the card and have the "other" account be Expenses: Groceries, Expenses: Gasoline, etc. Whatever you want as long as the "other" account is some kind of expense account. When you pay the credit card, it comes from Assets: Bank Things like Quicken and Microsoft Money hid this by using the Payee as the "other" account so it was relatively automatic. But GnuCash also does auto-fill as you type so if your Description field was "Supermarket" for the first time you set up a transaction between the credit card and Expenses: Groceries, it'll remember that account arrangement next time you enter "Supermarket" and then you only have to change the amount. For basic tracking the accounts will only have to be set up once and the auto-fill will help you out afterwards (just change the amounts). If you have more than one card just set it up as Liabilities: Card 1, Liabilities Card 2, or other arrangements however you wish as long as they're all liability accounts. Same for multiple bank accounts, just make sure they're all asset accounts. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
