Fundamentals ---- this is double entry bookkeeping. Every transaction
has at least TWO accounts associated with it, at least one debit and at
least one credit.
Read the introduction/tutorial as many times as necessary for you to
absorb this concept, at least two accounts. Failure to specify the other
account is wy gnucash is using the special virtual account Imbalance.
Do not try to import transactions until you have gotten some experience
entering them manually. Starting out learning using a "test" set of
books is a good idea.
Michael D Novack
On 8/13/2024 11:55 AM, Bruce Griffis wrote:
I'm trying to figure out the very basics of managing a checking
account, savings account and credit card in GnuCash. I downloaded a
csv of all checking transactions for a year and imported them. They
look good and match up with my check register. Then I downloaded my
savings for a year into a savings account in GnuCash. Finally, I
downloaded a csv of credit card transactions for a year and imported
into a liabilities/credit card account.
So, in my checking account, I see a transfer to savings. This is
marked imbalanced.
In my savings account, I see a deposit maybe the same day and the same
amount. This is marked imbalanced.
If I open my checking account register and changed the destination
account from imbalanced to savings, then I see that transaction pop up
in my savings register. I now have two transactions of the same amount
and possibly the same day in my savings register. Would I delete the
duplicate entry I got when I downloaded the csv? Or what do I do to
show that my checking transfer out transaction is the same as my
savings increase transaction?
And the same with my credit account. I see a payment out of checking
to SuperBigBank Mastercard. In the credit card, I see a payment. Both
are imbalanced. If I change the checking transaction to show it goes
to my credit card, I now see two transactions in my credit card
register. Would I simply delete the duplicate entry? Or how do I show
that they are the same transaction?
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