On 2/12/2019 2:49 PM, Christian Kluge wrote:
Sorry, I made the assumption that since talking about "splits" you
already knew about entering "split transactions. Your example below,
showing it as multiple transactions, indicates otherwise. So taking your
example (a $100 expense paid for by $50 cash and a $50 loan ......
As I said, start with the UNSPLIT side. So I would enter from the
expense account, date, description, amount, and then instead of entering
the account of the other side (can't, more than one, that's what "split"
means) I would click on "split" above.
That brings up a different view for THAT transaction. There would be a
line for the debit (the expense account) with $100 and below that a line
also with $100 but "Imbalance" since account not yet specified. I would
change the amount on that line to $50 and enter cash for the account and
hit enter. That brings up a new line below with the new balance still
unspecified, still $50 and Imbalance. I specify the account "loan" and
hit enter, now no balance remaining, and enter again restores the view
<< you no longer see the split details in that view >>
Advice --- do not shortcut and hit that last enter twice quickly. You
want to see/confirm that there was no balance for Imbalance remaining.
THAT describes a "one sided split" transaction. Do not attempt a
transaction split on both sides until/unless you are very experienced
entering splits << entering two sided often can mean first "lying" about
an amount and correcting that only after the other side of the
transaction has been done >>
Michael D Novack
Am 11.02.2019 um 22:15 schrieb Michael or Penny Novack:
On 2/11/2019 2:40 PM, Christian Kluge wrote:
Hi,
my general rule of thumb is to always entering from an asset or
liability account.
The proper "general rule" for a (one side) split transaction is to
enter it from the side (debit or credit) that is NOT being split. That
this is most often either and asset or a liability account just the
consequence of that most often the side of the transaction not being split.
Starting with an account on the side of the transaction being split will
make entry almost as difficult as entering a transaction that is split
on both sides.
You need an example? Say you are paying for your share of an expense X
and the person you are sharing with allows you to pay part in cash and
owe the rest. You would begin this split from the expense account (the
credit side being split between cash (asset) and loan (liability)
This I would enter as either three transactions:
By expense to liabilities $100
By liabities to cash $50
By liabilities to loan $50
or if I assume that the loan exists even before I pay in cash:
By expense to loan $100
By loan to cash $50
Also who wants to change accounts all the time.
If I recording cash transactions I don’t go into revenue or expense
accounts but stick with cash.
I my examples above several expense/liability transactions would occur
before I even would post the cash transaction.
Kind regards
Christian Kluge
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