On 11/9/2024 6:58 AM, Boniforti Flavio wrote:
\ *USD Dividends* You're right, it was not at the right place. I moved it under "Income". When I get paid dividends, how should I register this transaction? Do I increase both the "Income:USD Dividends" and the "Assets:IBKR:USD Cash" accounts?
The last sentence indicates you should defer asking about more complicated issues until after you have gone back and redigested "fundamentals of double entry bookkeeping". Use either the gnucash tutorial or a more comprehensive "accounting/bookkeeping 101".
You just asked SHOULD I enter a transaction with at least two accounts affected with total debits equaling total credits << more or less the definition of a valid double entry transaction >>
YES --- both ......USD Dividends and ,,,,,,,,,, USD Cash are increasing by the amount of the dividend. but their SENSE is opposite, The account.....USD Dividends is an increasing credit (credit is the usual sense of an account of type income) and ...USD CASH is an increasing debit (debit being the normal sense of an account type asset).
If it bothers you that both amounts are "positive" STOP. The senses are not "positive" and "negative" but "debit" and "credit" with all numbers positive. Double entry bookkeeping developed before Western mathematics accepted negative numbers. The only operation is addition because "a number plus a number is a number" is true but "a number minus a number is a number" is not true as long as "a number" means a positive number.
Michael D Novack _______________________________________________ gnucash-user mailing list [email protected] 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.
