Bug 369608 - Payments to credit cards Decrease checking acct balance but increase the credit card amount owed.
Summary: Payments to credit cards Decrease checking acct balance but increase the cred...
Status: RESOLVED WORKSFORME
Alias: None
Product: kmymoney
Classification: Applications
Component: general (show other bugs)
Version: unspecified
Platform: Arch Linux Linux
: NOR grave
Target Milestone: ---
Assignee: KMyMoney Devel Mailing List
URL: https://github.com/BacksSlash092/kmym...
Keywords:
Depends on:
Blocks:
 
Reported: 2016-10-01 14:31 UTC by Greg
Modified: 2017-11-11 23:38 UTC (History)
0 users

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Description Greg 2016-10-01 14:31:34 UTC
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.
Comment 1 Thomas Baumgart 2016-10-02 06:28:49 UTC
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.