On Tue, Jan 16, 2007 at 04:19:21PM -0800, Thomas Bushnell BSG wrote: > Moving money from an asset account to some other account is a credit on > the asset account and a debit on the other account. So I don't know > what you mean saying that "it" is presented as a credit; what is? The > transaction is neither a credit nor a debit; it's composed of a matching > credit on one account and debit on another account.
The split in the transaction on the asset account is presented as a debit. If only one account is mentioned I always assume it is a split. > For asset accounts, a positive balance (indicating you have an asset) is > a debit. You may be used to banks, which report things to you as they > appear on the *bank's* books. The bank thinks of your checking account > Your records of your bank account are, actually, the exact *opposite* of > the bank's records; Given this it seems like extending the formal accounting labels option or providing a new option with the same effect for when a general ledger is being edited would go a long way towards addressing the issue: the "Funds Out/In" terminology does reflect the expected behaviour in a much less counterintuitive fashion. The informal terms are already used some of the time within the general ledger view. The context sensitive column headings suggest that the UI could be updated if a context was selected which was inappropriate for this. -- "You grabbed my hand and we fell into it, like a daydream - or a fever."
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