Courtey One critical bit of information. A bank prepares your credit card statement from their position where your account is an asset to them whereas for you the credit card is a liability. This means that debits and credits are reversed in your books wrt to the use of debits and credits as used by the bank. The bank statement's debits are credits in your books and vice versa.
David Cousens On Thu, 2024-12-12 at 19:05 +0000, Courtney Perry via gnucash-user wrote: > What is the correct entry procedures for recording card transactions > from the monthly statement? > For: 1. Online Purchases made2. Expenses3. Deposit to Credit Card 4. > Online Transfers to Credit Card 5. Late Payment fees6. Interest > Charge > Thank you.Courtney > > Yahoo Mail: Search, organise, conquer > _______________________________________________ > 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.
