It's under Preferences >> Accounts if you're still looking. Regards David H.
[image: image.png] On Tue, 7 Mar 2023 at 03:44, R Losey <[email protected]> wrote: > From reading the posts on this list, I still think this is a data entry > issue... It is correct that payments should lower the balance... > > But are charges being entered correctly? > > When you enter a credit card payment, it "has" to be correct, because you > know it takes money away from your bank account and is applied to the > credit card balance. > > However, when you enter charges, they could be reversed; one entry is on > some "Expense" item, and the other is against the charges. > > In other words, are your charges showing up in the same column as the > payments? If so, then that's your answer. > > I am not using formal accounting labels; I don't *think* I have the Reverse > Balance Accounts set (I can't find it, but I'm using the default). > > As I add charges, my credit card balance increases, and is positive. > Payments are negative, and decrease the balance. > > > > On Mon, Mar 6, 2023 at 11:20 AM Custom Shots <[email protected]> > wrote: > > > I'm going to answer your questions one by one but for clarification, I've > > been using GC for years. I always balance my accounts monthly. GC has > > always performed flawlessly. Yes, I have made mistakes now and again and > I > > resolved them with adjusting transactions. > > > > I don't remember when I opened the accounts. I balance accounts monthly > so > > this is new. > > > > No, I did not err in opening the account. I charge things and pay the > bill > > entirely every month. It has always been accurate. Balancing a checkbook > is > > easy for me to do and that side of the transactions is correct. It is > only > > in this one credit card account that I"m having problems. A charge > > increases the balance owed. A payment increases the balance owed. I don't > > understand how that can happen. > > > > My computer recently automatically upgraded the OS to Ubuntu 22.04.2 and > > Linux kernel to 5.19.0-35. I may be grasping at straws here but could > that > > be the problem? I may have been working in GC at the time of the upgrade. > > > > I would see a positive number in the payment in the column and then a > > larger balance due, a negative number in the balance column. > > > > > > On Mon, Mar 6, 2023 at 9:49 AM Stan Brown (using GC 2.6.19) < > > [email protected]> wrote: > > > > > Thanks for confirming that you selected Reverse Balance Accounts: > Credit > > > Accounts. That's the setting I use, so I can speak confidently about > how > > > GC works in our case. > > > > > > I'm assuming (I think we all are) that when you created the account and > > > entered your opening balance, you owed money on the credit card or > > > perhaps had a zero balance. Please confirm whether that's accurate. > > > > > > Someone asked if perhaps you initially made an error by entering the > > > opening balance as a negative rather than a positive. Is that a > > > possibility? > > > > > > Look at that account's register, scroll up to the top if necessary, and > > > look at the very first entry. If you owed money on that credit card > when > > > you started with GC, the first entry should have a positive number in > > > the Credit (middle) column of the three money columns, and the Balance > > > (third) column should also be positive. > > > > > > If you see a positive balance in the Debit (first) money column and > also > > > in the Balance (third) column, something is very wrong and I can't > > > advise you. I think that's pretty darned unlikely, and I'm mentioning > it > > > only for completeness. > > > > > > If you see a positive balance in the Debit (first) money column and > > > negative balance in the third column, there's your problem. There are > > > two ways to fix this. > > > > > > (option A) Delete the number from the Debit column and put (still as a > > > positive) in the Credit column. That will of course put your books out > > > of balance by double the amount, which you'll need to fix. If you don't > > > see all the splits of the transaction, click Split in the menu at the > > > top of the GC window, then figure out what the reversing entry should > be > > > and edit accordingly. Run a balance sheet to make sure everything is in > > > balance now. > > > > > > (option B) The conservative practice would be to make an adjusting > entry > > > as of today. Assuming the opening balance was -123.45, the entry would > > be: > > > Description: Correct opening balance of _____ credit card, entered > > > backward by mistake > > > Debit to Equity:main Equity account: 246.90 (double the opening > > > balance) > > > Credit to Liabilities _____ credit card account 246.90 > > > The numbers will still be wrong from the start to yesterday, but there > > > will be no question about what haoppened and how you fixed it. > > > > > > HOW TO CHOOSE: Some people don't like changing historical records, and > I > > > see their point because it can make changes harder to track. Also, with > > > the old pen-and-ink bookkeeping, which GC generally emulates, prior > > > entries couldn't be changed. If these books are just for your own use, > > > tracking is less of an issue because I daresay after all this kerfuffle > > > you'll remember what you did. But a real accountant would most liklely > > > choose option B even so. > > > > > > Stan Brown > > > Tehachapi, CA, USA > > > https://BrownMath.com > > > > > > On 2023-03-06 08:09, Custom Shots wrote: > > > > In GnuCash Preferences: Accounts: Reverse Balance Accounts: Credit > > > Accounts > > > > is selected. That shows amounts owed as negative numbers. > > > > After adjusting settings as others have suggested, I have seen > another > > > > anomaly. This is happening with only one credit account. I have four > > > credit > > > > accounts. The other three are working properly. This one in question > is > > > the > > > > only one that is incorrect. I am attaching a screenshot of the > register > > > as > > > > it is after changing settings. Like this or with reverse balance > > accounts > > > > credit selected the balance should go down after a payment. It > doesn't > > it > > > > goes up. Even with negative numbers, the negative balance owed goes > up > > > > meaning I owe more after a payment. > > > > > _______________________________________________ > > gnucash-user mailing list > > [email protected] > > To update your subscription preferences or to unsubscribe: > > https://lists.gnucash.org/mailman/listinfo/gnucash-user > > ----- > > Please remember to CC this list on all your replies. > > You can do this by using Reply-To-List or Reply-All. > > > > > -- > _________________________________ > Richard Losey > [email protected] > Micah 6:8 > _______________________________________________ > gnucash-user mailing list > [email protected] > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. >
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