What you have been doing is interesting, but (as you've heard from the feedback) not the recommended way of doing it.
I don't understand how you handled the dates; if the statement is dated 01 Nov, and has transactions throughout October, did you just enter them as all occurring on 01 Nov? We have made it a practice to get receipts for every transaction, throw them in a drawer, and then enter everything once a week (using the proper date). When the credit card statement arrives, we reconcile it to what we've entered and then set up the payment. By the way, kudos on doing an import; I was too frightened after it failed on me, but then I realized that I rarely go back very often, so I just started off the new year with the balances from Quicken and switched to GnuCash, and not that I've been in GnuCash for about six years, I have never needed to look at my old data from Quicken (although I still have it). On Sat, Nov 18, 2023 at 2:07 PM Tim via gnucash-user < [email protected]> wrote: > Thanks everyone. I believe I understand where I went wrong. I have been > getting away with abusing Quicken for years but now I'll straighten up and > fly right. > > Thanks to all of you for your help! > > Tim > > > -----Original Message----- > > From: [email protected] <[email protected]> > > Sent: Saturday, November 18, 2023 11:33 AM > > To: [email protected]; [email protected] > > Cc: [email protected] > > Subject: RE: [GNC] noobie question about split transactions > > > > Ah. I think I see my error. > > > > When I get a credit card bill, I should open the credit card account and > enter > > each line item as a transaction. I should be able to check my work by > > comparing the balance on the account with my bill (I always pay in full > every > > month). Then as you say, paying the bill is a simple transaction between > the > > bank account and credit card account. > > > > Have I understood correctly? > > > > Thank you for your patience. > > > > Tim > > > > > -----Original Message----- > > > From: gnucash-user <gnucash-user- > > > [email protected]> On Behalf Of Michael or > > > Penny Novack > > > Sent: Saturday, November 18, 2023 11:20 AM > > > To: [email protected] > > > Subject: Re: [GNC] noobie question about split transactions > > > > > > > I came to entering a credit card payment, which I enter as a split > > > > transaction with line items for every line item in the credit card > bill, > > > > after I had spent many laborious minutes entering 50 or 60 line > items I > > > > accidentally hit enter and all of my work was deleted. > > > > > > Stop right there. NOT a split transaction at the time you make a > payment > > > on your credit card debt. THAT is a simple "transfer" transaction, > debit > > > credit card and credit bank account. > > > > > > Those things you purchased with your credit card? Those became expenses > > > when you used your credit card to purchase them. debit to the > > > [particular expense account and credit to the credit card << if you had > > > paid by check or cash from your wallet, would be credit bank account or > > > credit wallet >> > > > > > > You were thinking about CASH FLOW which is different << you can be "in > > > the black" in your books but in trouble with a cash flow crunch or be > > > fine (for now) as far as cash flow goes but deep in the red for the > long > > > term. Separate things. >> > > > > > > Gnucash is proper double entry bookkeeping. You need to get a good > grasp > > > of the fundamentals of double entry bookkeeping and concepts of > > > accounting. Nothing advanced or fancy, just the fundamental. If what I > > > have written about entering (these) transactions isn't making sense to > > > you, reread the tutorial. > > > > > > > > > Michael D Novack > > > _______________________________________________ > > > 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. > > _______________________________________________ > 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.
