The other account is what you purchased... usually an expense category. Food? Dining? Clothing? Entertainment? It depends upon the expense accounts you have set up, but it should answer the question "what did you use your credit card to buy?"
On Wed, Sep 18, 2024 at 5:08 PM Boniforti Flavio <bonifort...@gmail.com> wrote: > Hi Greg and thanks for your reply. > Indeed I see that I already have an account called "Credit Card", which > type is in fact "Credit Card". > I was trying to "simulate" such a transaction and I got stuck already: > after entering the amount in the "Charge" column, I don't know which > account I should select from the "Transfer" column. What would be the > correct one? > > Thanks, > F. > > https://www.instagram.com/boniforti_music > https://soundcloud.com/boniforti_music > https://bonny-j.bandcamp.com > > > Am Mi., 18. Sept. 2024 um 23:56 Uhr schrieb fromvendor < > fromven...@outtacyte.com>: > > > Hi there, > > > > I have my Credit Cards set up each to its own account of type liability > > (because I owe it eventually) under a parent placeholder called "Credit > > Cards". > > > > Each transaction goes into the account appropriate for the card in > > question. When I get the statement (download, however), I reconcile the > > card and match up receipts. Once that is done, I "Pay" the card (check, > > EFT, however) from my bank account. That reduces the balance in the CC > > account (backwards as it's a liability) and also reduces my bank account. > > > > Note there are options on how to display a CC type account, I have it so > I > > enter the transactions on the "Charge" column and the payment in the > > "Payment" column. It's still Debit and Credits fundamentally so it works > > out. > > > > Anyway, I hope that helps. > > -greg > > > > -----Original Message----- > > From: gnucash-user [mailto:gnucash-user-bounces+fromvendor= > > outtacyte....@gnucash.org] On Behalf Of Boniforti Flavio > > Sent: Wednesday, September 18, 2024 4:43 PM > > To: gnucash-user@gnucash.org > > Subject: [GNC] Credit cards - how to deal with those? > > > > ... and another question from a noob: how to deal with credit card > > transactions? > > I usually would register it the day that I've done the transaction, so > that > > I can trace each single credit card transaction. Of course I know that > the > > money has not yet been deducted - it will happen once a month when the > > credit card invoice is emitted. But if I would register *only* the credit > > card invoice, I would lose track of each individual transaction - right? > > So what (for a private individual - no business case here) would be the > > most appropriate way to handle this? > > > > TIA, > > F. > > > > https://www.instagram.com/boniforti_music > > https://soundcloud.com/boniforti_music > > https://bonny-j.bandcamp.com > > _______________________________________________ > > gnucash-user mailing list > > gnucash-user@gnucash.org > > To update your subscription preferences or to unsubscribe: > > https://lists.gnucash.org/mailman/listinfo/gnucash-user > > ----- > > 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 > > ----- > > 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 > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > -- _________________________________ Richard Losey rlo...@gmail.com Micah 6:8 _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
