First you need to fund the debit card. $ has to come from somewhere. Then you use the debit card to purchase many different things.
One transaction to fund card, then many transactions to expense acct’s when you use it. Similar to what you do with a credit card. Use it many times then make one payment. Gary From: Haim Roman [mailto:haim.ro...@gmail.com] Sent: Wednesday, August 28, 2019 8:15 AM To: Gary Holtum Cc: Gnucash Users Subject: Re: [GNC] 2 Questions About Debit Cards First of all, I want to thank everyone who has responded so far. And those might respond in the future. Gary, did you mean that each use of a debit card involves two transactions? 1st from checking/savings to debit card, and 2nd from debit card to expense? _______________________________________________________________ Howard (Haim) Roman -- haim.ro...@gmail.com -- 052-8-592-599 -- חיים רומן LinkedIn: https://www.linkedin.com/in/haimroman On Wed, Aug 28, 2019 at 3:02 PM Gary Holtum <diamondhranc...@earthlink.net> wrote: 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 <mailto:gnucash-user-bounces%2Bdiamondhranchqh> =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.