HI all:
I am attempting to use Skrooge but am having some problem understanding concepts . I understand when I create a bank account such as checking or savings the initial balance should be positive such as 200.00.
Now my lack of understanding. If I create a Credit Card or a Loan, Mortgage would the initial balance be negative such as -200.00?

If I am in my checking account and spend some money would I enter that as a negative amount?

If I am in my checking, savings account and transfer some money to a loan account would the amount entered be a negative amount?

If I am in my Credit Card account and spend some money would the amount entered be negative?

Thank you for your help. For some reason I Just could not make sense of the concepts in the manual.

ralphdewitt wrote:HI all:
I am attempting to use Skrooge but am having some problem understanding concepts . I understand when I create a bank account such as checking or savings the initial balance should be positive such as 200.00.
Now my lack of understanding. If I create a Credit Card or a Loan, Mortgage would the initial balance be negative such as -200.00?

Yes, you can.

ralphdewitt wrote:
If I am in my checking account and spend some money would I enter that as a negative amount?

Yes, the first time.
Next time, Skrooge will use the category to know is the value is positive or negative.
You have to use the sign (+ or -) to force it.

ralphdewitt wrote:If I am in my checking, savings account and transfer some money to a loan account would the amount entered be a negative amount?

No

ralphdewitt wrote:If I am in my Credit Card account and spend some money would the amount entered be negative?

Yes

ralphdewitt wrote:Thank you for your help. For some reason I Just could not make sense of the concepts in the manual.