Got it. Seems obvious now ☺ Thanks _______________________________________________________________ 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 3:27 PM Gary Holtum <diamondhranc...@earthlink.net> wrote: > 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= > 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.
