[Kmymoney-devel] [kmymoney] [Bug 343881] Credit card charges act like payments

[allan]

https://bugs.kde.org/show_bug.cgi?id=343881

allan <agander93 at gmail.com> changed:

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                 CC|                            |agander93 at gmail.com

--- Comment #3 from allan <agander93 at gmail.com> ---
This is my layman's view, not an accountant's.

As we're dealing with a credit card account, what it is showing is how much you
owe.  So a positive amount is your debt, and conversely, a negative amount
shows you're in credit.  What I'd like to be clear on is, when you say "...[my]
balance is $546 ", is that showing as $546 or -$546?

If it shows $546, then that is your debt and making a further charge of $10
will increase that to $556.  On the other hand, if it is showing -$546, then
you are in credit and the charge of $10 will decrease that to -$536.

When you entered your opening balance, if you entered a positive amount then
that will show as a payment and the balance will be negative ie. you are in
credit.

If you are an accountant, then I apologise for insulting you, and I'll retire.

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