My entry is not backwards. In the first of my attachments you can see how I entered the Checking debit in the register and you can also see that it in fact increased the Assets...Checking Balance.
Yet in the transaction report, it is reported as a Credit, which is backwards. -P. On Mon, Aug 1, 2022 at 9:02 PM Adrien Monteleone < [email protected]> wrote: > The report is correct. > > Your entry is backwards. > > Open your Checking register. > > Then View > Transaction Journal (now you see all splits for all > transactions, nothing hidden) > > This particular transaction should be: > > dr. Checking > cr. Donations > > That will increase *both* the amount in your checking account, and the > revenue received as donations. > > Note, 'credit' increases Income, Liabilities, & Equity accounts; 'debit' > increases Assets & Expenses. > > Preferences > Accounts > Reverse balanced accounts usually defaults to > 'Credit Accounts' to reflect the above. > > If you want to see Credit accounts as normally negative instead of > positive, change this setting. But I'd recommend leaving it as is for > now till you get the hang of double-entry and the Accounting Equation. > (and you might opt to never change it, nothing wrong with that) > > An easy way to 'flip' a transaction is to simply put negative signs in > front of the amounts. GnuCash will move them from debit to credit and > vice versa. (all amounts in a register are positive except Balance which > may be negative) > > The idea with double entry is not necessarily to increase *and* decrease > something in the same transaction, though that can occur. > > In this particular case, money is coming in from outside, so both sides > of the transaction need to increase. > > If you were paying down a liability, money going out, then both sides > would decrease. > > It is only when you are moving funds between accounts but not in or out > of your book that you get both an increase & decrease in the same > transaction. > > *finally, you can see all splits for a single transaction using the View > > Auto-Split mode, or if in Basic mode, use the Split button on the > toolbar. You don't need to leave Transaction Journal mode on unless you > prefer it. (and there is a preference to set the default view mode for > all registers) > > Regards, > Adrien > > On 8/1/22 6:35 PM, Peter S. Shenkin wrote: > > Also, the second part of my question involved the Transaction report. > There > > the headings at the top seem backwards. They are labeled Credit and > Debit, > > but where I entered a Debit, it appears in the Credit column and vice > > versa. Any comment on this? > > > _______________________________________________ > gnucash-user mailing list > [email protected] > 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 [email protected] 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.
