[Kmymoney] Credit card account entries...

[Zed]

Thomas Baumgart <thb at net-bembel.de> wrote:

> Hi,
[snip]
> > 
> > (2) Entries for recording Payments Use Credit Card account Choose
> > Transfer From  - Click and choose Credit Card
> > 
> > Transfer from - Click and choose Cheque accountk on Category and choose
> > expense category to which the expenditure refers.
> 
> TBH, I don't get that second part. I would write it as follows:
> 
> - Use credit card account - Click on the 'Transfer' tab - Choose 'From'
> (as opposed to 'Pay to'). This should label the category field with
> 'Transfer from' - Leave the payee field blank - Choose Cheque account on
> Category (which is labelled 'Transfer from' by now) - Enter the amount as
> positive number - Save the transaction
> 
> An alternative would be the following (the result is the same though):
> 
> - Use checking account - Click on the 'Transfer' tab - Choose 'Pay to' (as
> opposed to 'From'). This should label the category field with 'Transfer
> to' - Leave the payee field blank - Choose Credit Card account on Category
> (which is labelled 'Transfer to' by now) - Enter the amount as positive
> number - Save the transaction
> 
> 
> In (2) there is no expense category involved since it is a transfer of
> funds between an asset and a liability account. No expense in sight here
> (even though you feel you pay for something - but you have recorded that
> already during (1) ).

Thank you Thomas.  I gave your method a "spin" and like it much better.  So
that is the one I'll be using in future.

Zed

-- 
Zed
Diplomacy: Saying "nice doggy" until you find a gun