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In the split lines below this, enter the various splits that make up this transaction, one by one. Enter the description of this transaction on the first line(e.g.
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Note that if you have set your register view to Auto-Split or Transaction Journal, the splits will be opened for you. To add the paycheck split transaction from the Assets:Checking account register window, click on a new transaction line and click Split. Receiving a paycheck involves other accounts besides simply Your net pay, with the difference being due to taxes, retirement account Your take home pay from a paycheck will typically be less than The classic example of this is when you receive a To split either the “ from” or the “ to” account in a transaction into The need for 3 or more splits in a transaction occurs when you need Transaction in the Income:Salary - Register: Income:Salary account, GnuCash brings up the same Highlighting another split line and clicking the
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Shows the effect on that particular account. The same transaction inĪ different account will have a different transaction line, one that The transaction’s effect on the current account. Why is this shown twice?īecause the transaction line is merely a summary of Notice, the transaction line contains the same debit amount as theĬhecking split line. In the example shown above, the totalĭebits equal the total credits, so this transaction is balanced. The last two columns show theĪmount of the split and whether money is coming into or going out of theĪs we discussed in Section 2.1, “Accounting Concepts”, totalĭebits (left-column entries) must equal total credits (right-columnĮntries) for each transaction. Each split affects anĪccount, which can be selected from a pull-down Type of split, which you can either type in or choose from a pull-down Information, you need to look at the individual splits that make up theĮach split contains an optional Action, or Transfer column heading disappears, and there is noĪccount name listed in that field. Here), and updated account Balance after theĬurrent transaction. Toolbar while selecting the appropriate transaction.įor split transactions, the first line of the transaction is theĬheck number), transaction Description, totalĪmount affecting the current account ( Tot Deposit Transaction by clicking the Split button in the You can see the individual splits of each For a split transaction, the Transfer column will display - Split Transaction. For a simple transaction, the Transfer column will display the other account from which money is transferred. When the register is in Basic view, you will see a summary of the splits affecting the current account. A transaction with three or more accounts is called a split transaction. A transaction with only two splits is called a simple transaction, since it only involves the current account and a single remote account. Every transaction in GnuCash has at least two splits, but a transaction can have more than two splits.