Wouldn't a credit card payment system use FIFO, that is for the items most recently purchased, those are the first ones paid off? Similar to a mortgage where you pay down interest first then tackle the principle? ----- Original Message ----- From: "Daniel Hagerty" <[EMAIL PROTECTED]> To: "Dave Peticolas" <[EMAIL PROTECTED]> Cc: <[EMAIL PROTECTED]> Sent: Monday, October 01, 2001 2:46 PM Subject: Re: budgeting
> > But isn't that completely arbitrary? I mean, unless you bought one > > single thing with your card, saying that "I paid off this but not > > that" just seems to be a mental fiction that doesn't serve any > > purpose. > > Your credit card company will disagree. They've got to manage an > ordering for partial payments, even if you don't. > > While "completely arbitrary", so is inventory management, tax lot > accounting, and many other things that show up in accounting. > Nonetheless, questions arise that need you to make an arbitrary > decision to arrive at an answer. You may need to record some data to > support the arbitrary decision. > > If the answer is "don't ask that question", fine. There may be > interesting things that can be derived from this kind of data. You > can't ask if you don't have it. > _______________________________________________ > gnucash-devel mailing list > [EMAIL PROTECTED] > http://www.gnumatic.com/cgi-bin/mailman/listinfo/gnucash-devel _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.yahoo.com _______________________________________________ gnucash-devel mailing list [EMAIL PROTECTED] http://www.gnumatic.com/cgi-bin/mailman/listinfo/gnucash-devel
