On 2023-07-01 18:26, R Losey wrote: > Helpful, but I spent too much time away from the accounting world, and I've > gotten used to the more general usage of "credit" and "debit" words in > general English, where debit is used for "take away from" and 'credit' is > used for "add to". > > Thus I used the simplified terms in GnuCash.
Of course you should use whichever option you wish. But there's one common exception to the rule you stated: when your bank or merchant issues a credit to your account, that doesn't add to anything but _reduces_ your balance. A lot of people have trouble with this point, because the business uses terms that suit _its_ books but are opposite to the terms that suit the customer's books. My own view is that people would be better off just to learn the right uses of "debit" and "credit" -- it's really not that hard, and at least it's unambiguous. But ultimately it's each person's choice of what they feel comfortable with. Stan Brown Tehachapi, CA, USA https://BrownMath.com _______________________________________________ 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.
