At Wed, 28 Aug 2019 09:21:47 -0500 David Carlson <david.carlson....@gmail.com> wrote:
> > Just to make this thread more interesting, here in the United States it is > possible to purchase rechargeable 'gift cards' that can be used like credit > cards to pay for things, and recharged at a bank or currency exchange to be > used again. I think these are used by people who do not want to have a > bank account, but need a way to pay with 'plastic'. As in some other > countries, there are now retail businesses appearing that do not accept > cash. And UMass's photo IDs are also rechargeable debit cards (and can be using with vending machines and dining commons around campus. (It is not a VISA/MasterCard branded card and can only be used on campus.) > > I would liken such a card to be an asset, > > David Carlson > > On Wed, Aug 28, 2019 at 8:57 AM Stephen M. Butler <kg...@arrl.net> wrote: > > > Haim, > > > > I'm in the US and here the debit card directly debits the checking > > (asset) account. From your description it appears that your debit card > > acts more like a credit card but with automatic payments from checking > > on some regular basis (perhaps daily). > > > > Can you download the transactions from the debit account? In that case, > > I'd setup the debit account as a liability (just my preference -- might > > depend on how the bank uses the debit/credit columns in the download). > > This should catch both your charges and your payments . > > > > You would have one transaction per charge from debit to expenses. Plus > > one transaction per payment from checking to debit. > > > > Depending on how you bank auto pays the debit card, that might end up > > being two transactions per use of the debit card. However, I thought > > you mentioned that the bank sometimes combines multiple charges into a > > single payment. > > > > --Steve > > > > > > On 8/28/19 5:14 AM, Haim Roman wrote: > > > First of all, I want to thank everyone who has responded so far. And > > those > > > might respond in the future. > > > > > > *Gary*, did you mean that each use of a debit card involves *two > > > *transactions? > > > 1st from checking/savings to debit card, and 2nd from debit card to > > > expense? > > > > > > _______________________________________________________________ > > > Howard (Haim) Roman -- haim.ro...@gmail.com -- 052-8-592-599 -- > > > ÃÂÃÂÃÂà> > èÃÂÃÂà> > > LinkedIn: https://www.linkedin.com/in/haimroman > > > > > > > > > > > > On Wed, Aug 28, 2019 at 3:02 PM Gary Holtum < > > diamondhranc...@earthlink.net> > > > wrote: > > > > > >> A debit card is an asset. > > >> > > >> You transfer $ from Checking or Savings to Debit card then to Expense > > acct. > > >> > > >> Gary > > >> > > >> -----Original Message----- > > >> From: gnucash-user [mailto:gnucash-user-bounces+diamondhranchqh= > > >> earthlink....@gnucash.org] On Behalf Of Haim Roman > > >> Sent: Wednesday, August 28, 2019 5:05 AM > > >> To: Gnucash Users > > >> Subject: [GNC] 2 Questions About Debit Cards > > >> > > >> Hi. I'm new to GnuCash and to bookkeeping/accounting in general. I > > have 2 > > >> questions about debit cards. > > >> > > >> (1) I made my debit card account a Liability account, as I did with my > > >> credit card accounts. In the GnuCash archives, someone wrote a debit > > card > > >> should be an Access account. Is that correct? > > >> > > >> (2) I envisioned debit card transactions as single transactions with 3 > > >> stages: Checking to Debit Card to Expense (yes, I have different > > expense > > >> accounts). > > >> But I'm beginning to think that it should be 2 transactions: [a] > > Checking > > >> to Debit Card, [b] Debit Card to Expense. > > >> The 1st deposits into the debit card account, and the 2nd withdraws from > > >> it. > > >> Is that correct? > > >> > > >> Thanks > > >> _______________________________________________________________ > > >> Howard (Haim) Roman -- haim.ro...@gmail.com -- 052-8-592-599 -- > > >> ÃÂÃÂÃÂà> > èÃÂÃÂà> > >> LinkedIn: https://www.linkedin.com/in/haimroman > > >> _______________________________________________ > > >> gnucash-user mailing list > > >> gnucash-user@gnucash.org > > >> To update your subscription preferences or to unsubscribe: > > >> https://lists.gnucash.org/mailman/listinfo/gnucash-user > > >> If you are using Nabble or Gmane, please see > > >> https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > > >> ----- > > >> 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 > > > If you are using Nabble or Gmane, please see > > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > > > ----- > > > Please remember to CC this list on all your replies. > > > You can do this by using Reply-To-List or Reply-All. > > > > > > -- > > Stephen M Butler, PMP, PSM > > stephen.m.butle...@gmail.com > > kg...@arrl.net > > 253-350-0166 > > ------------------------------------------- > > GnuPG Fingerprint: 8A25 9726 D439 758D D846 E5D4 282A 5477 0385 81D8 > > > > > > _______________________________________________ > > gnucash-user mailing list > > gnucash-user@gnucash.org > > To update your subscription preferences or to unsubscribe: > > https://lists.gnucash.org/mailman/listinfo/gnucash-user > > If you are using Nabble or Gmane, please see > > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > > ----- > > Please remember to CC this list on all your replies. > > You can do this by using Reply-To-List or Reply-All. > > > > -- Robert Heller -- 978-544-6933 Deepwoods Software -- Custom Software Services http://www.deepsoft.com/ -- Linux Administration Services hel...@deepsoft.com -- Webhosting Services
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