Hi,
On Fri, June 10, 2022 11:01 am, Kevin T via gnucash-user wrote:
> I have created a new credit card account. Completely empty, zero
> balance.From one of the other accounts, I have transferred monies to this
> account.Viewing this account, the transfers show up as entries in the
> 'Payment' column, as they should.But...The balance becomes more negative
> with each transfer. This is counter intuitive to me. Is there some way
> of interpreting this different?Why?
There are a couple of possibilities. The first is that you are entering
the transaction backwards. This can happen easily if you, for example,
enter the account from the Expense account. This is why we (I?) always
recommend you enter transactions from an Asset or Liability account.
The other option is that your settings for showing reverse balances isn't
set correctly. This setting tells GnuCash to "reverse" the balance of
accounts that are "normally" negative. The default should be "Credit
Accounts", but you may have accidentally changed it.
Hope this helps,
> Kevin
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
-derek
--
Derek Atkins 617-623-3745
[email protected] www.ihtfp.com
Computer and Internet Security Consultant
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