I've just recently started with GnuCash and decided to treat credit cards as liabilities rather than expenses as I did previously. To that end I've migrated my accounts, but since I don't know how the result should appear I'd like to ask if I have it done properly.
Right now I've set it up simply, without tracking individual purchases, but if I've done it right, I can begin to track individual purchases next month. Expense:Credit Card Charge Account Expense:Credit Card (Column "Tot Expense") $5 Liabilities:Credit Card-L (Column "Tot Rebate") $5 Liabilities Account Entry 1 Credit Card-L Account Bills:Credit Card Charge (Column "Payment") $5 Liabilities:Credit Cards - L (Column "Charge") $5 Entry 2 Credit Card-L Account Liabilities:Credit Cards - L (Column "Payment") $5 Checking account (Column "Charge") $5 Expenses no longer balance; Liabilities balance, but I suppose they would if I'd done it completely backwards. Is this done properly or backwards? _______________________________________________ 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.
