A debit card is an asset. You transfer $ from Checking or Savings to Debit card then to Expense acct.
Gary -----Original Message----- From: gnucash-user [mailto:gnucash-user-bounces+diamondhranchqh=earthlink....@gnucash.org] On Behalf Of Haim Roman Sent: Wednesday, August 28, 2019 5:05 AM To: Gnucash Users Subject: [GNC] 2 Questions About Debit Cards Hi. I'm new to GnuCash and to bookkeeping/accounting in general. I have 2 questions about debit cards. (1) I made my debit card account a Liability account, as I did with my credit card accounts. In the GnuCash archives, someone wrote a debit card should be an Access account. Is that correct? (2) I envisioned debit card transactions as single transactions with 3 stages: Checking to Debit Card to Expense (yes, I have different expense accounts). But I'm beginning to think that it should be 2 transactions: [a] Checking to Debit Card, [b] Debit Card to Expense. The 1st deposits into the debit card account, and the 2nd withdraws from it. Is that correct? Thanks _______________________________________________________________ Howard (Haim) Roman -- haim.ro...@gmail.com -- 052-8-592-599 -- חיים רומן LinkedIn: https://www.linkedin.com/in/haimroman _______________________________________________ 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. _______________________________________________ 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.