| Summary: | Payments to credit cards Decrease checking acct balance but increase the credit card amount owed. | ||
|---|---|---|---|
| Product: | [Applications] kmymoney | Reporter: | Greg <gregborrelly> |
| Component: | general | Assignee: | KMyMoney Devel Mailing List <kmymoney-devel> |
| Status: | RESOLVED WORKSFORME | ||
| Severity: | grave | ||
| Priority: | NOR | ||
| Version: | unspecified | ||
| Target Milestone: | --- | ||
| Platform: | Arch Linux | ||
| OS: | Linux | ||
| URL: | https://github.com/BacksSlash092/kmymoneyi | ||
| Latest Commit: | Version Fixed In: | ||
| Sentry Crash Report: | |||
Thank you for your statement about our work. This is what keeps us motivated. Well, in fact the balance of your credit card account in your example is decreasing. It goes from -599.30 to -619.30 which is mathematically less. The confusing thing here is, that your credit on the credit card account is shown as negative value but the math is correct. Also, the value is shown in the column 'Payment' which is a payment towards the card as opposed to 'Charges' where your expenses will show up. Liability accounts are shown with reverse sign to better match the statements sent out by financial institutions. You could also take a look at reports which will show your funds on the credit card account as negative liabilities (which are in fact assets). Hope that helps to understand what's going on. |
Hello, I would like to start out saying that I tried several personal financial tools, and Kmymoney is by far the best. I'm having an issue in which when I make a payment the amount on the checking decreases(that's correct) but then my credit card balance increases. The account set up is as follows liability credit card asset checking account and the transaction looks like from : Transfer from: Checking amount : x I added a link with pictures, and thank you for your hard work. Reproducible: Always Steps to Reproduce: 1.Click on new transaction 2. Fill payment information 3.check ledgers Actual Results: checking account decreases but credit card also increasing. Expected Results: checking account decreases and credit card balance decrease.