I understand your post is in the context of the importer - which is a
whole different beast, but discerning the 'normal' balance of account
types is not a mystery. It is dependent on their position in the
Accounting Equation.
Assets = Liabilities + Equity
*adding in the special Equity type account of Retained Earnings yields:
Assets = Liabilities + Equity + Retained Earnings
Retained Earnings = Income - Expenses
thus:
Assets = Liabilities + Equity + Income - Expenses
moving terms so all are 'positive':
Assets + Expenses = Liabilities + Equity + Income
and since:
Debit = Credit, Left Side = Right Side
therefore:
Assets & Expenses are normally (when positive) Debit balanced accounts
(left side), and Liabilities, Equity & Income are normally (when
positive) Credit balanced accounts (right side).
Gnucash treats the equation differently internally, so by default this
is a bit different:
Assets + Expenses - Liabilities - Equity - Income = 0
thus:
By *default* in Gnucash, Liabilities, Equity & Income normally show
their Credit balances as negative numbers. (because their terms have
been moved to the opposite, or left, side of the equation in the code)
The 'Reversed Balanced Accounts' preference adjusts the *presentation*
back to the original equation per your liking. Internally, these
accounts remain negative when they have a credit balance.
-----
Your below chart looks correct except the one type I noted below:
Regards,
Adrien
On 6/30/23 11:00 PM, flywire wrote:
Is it CR or DB? Who knows, toss a coin:
https://bugs.gnucash.org/show_bug.cgi?id=798964
An interesting list of accounts adapted from a comment with an `*` next to
the main account types:
* BALANCE ACCCOUNT TYPE DEBIT CREDIT
debit NONE Funds In Funds Out
debit BANK Deposit Withdrawal
debit CASH Receive Spend
-----
debit CREDIT Payment Charge
credit CREDIT Payment Charge
*A Credit Card type account is a Liability and thus normally has a
Credit balance.
-----
* Debit ASSET Increase Decrease
* Credit LIABILITY Decrease Increase
debit STOCK Buy Sell
debit MUTUAL Buy Sell
debit CURRENCY Buy Sell
* Credit INCOME Charge Income
* Debit EXPENSE Expense Rebate
* Credit PAYABLE Payment Bill
* Debit RECEIVABLE Invoice Payment
credit TRADING Decrease Increase
* Credit EQUITY Decrease Increase
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