On 4/11/19 12:43 AM, Adrien Monteleone wrote:
Sorry to break it to you. You have to care, to enter the transaction.
EACH AND EVERY transaction has two entries or splits.
A payment will have one split to the card account and the other to whatever
asset you used to make that payment.
Accounting isn’t adding things up. (well, not simply anyway)
It is tracking*where* money is coming from and*where* it is going to.
You have to track both parts, not just one side.
I get it. Just telling it I made a payment will not suffice.
I has to know where it came from.
If you made a cash payment one month, enter that as:
Dr. Liabilities:Credit Card:VISA-1234
Cr. Assets:Current Assets:Cash
If you later made a payment by check:
Dr. Liabilities:Credit Card:VISA-1234
Cr. Assets:Current Assets:Checking
Not all payments have to be from the same place, but you do have to say where
they came from. That’s how it works.
Regards,
Adrien
Hi Adrian,
You know, I actually am starting to follow.
And I am now pretty much aware that I am trying to
use a super computer where my fingers would suffice.
I think at this point, I should probably switch to a
spreadsheet. I am not doing "bookkeeping". I am
just tracking purchases and payments.
I also tested HomeBank and KMyMoney. Home Bank crashed
setting up and account, so it got removed. KMyMoney,
what can I say, it is just weird. It is just about
to get removed too.
Rube Goldberg is laughing at me.
Thank you for all the help,
-T
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