How to split and/or set accounts?

[Niranjan Rao]

Thanks for the reply.

I am sorry I did not make it clear in my earlier mails, but this is not 
what want

Taking same example, I have to vehicle accounts, A and B. I track 
expenses related to vehicles (maintenance, repairs, taxes paid for 
vehicle) individual accounts.

So my credit card shows $1000 as a charge, I split the transaction 
appropriately and assign 500 to each vehicle. So far, so good.

What I would like to do "sub assign" if that's the word, this amount to 
taxes paid, so that when I check my tax account, I can still find these 
figures. In other words I am looking for a way to reach transaction from 
3 different accounts, credit card, vehicle and taxes. If I go to vehicle 
account, I should be able to see all expenses I have made on the vehicle 
including taxes. If I go to my credit card, I should be able to see 
total charge and how that money was split. If I go to to my tax account, 
I should be able to figure out I paid xyz amount without digging through 
other accounts.

I am not expert in account and don't know if it makes sense from account 
perspective.

Regards,

Niranjan

On 07/23/2013 02:02 AM, Subramanian Venkateswaran wrote:
> Hi,
>
> Credit Card -> Liability Account
> Vehicle -> Expense Account
> Vehicle Taxes -> Expense Account
>
> Let us assume you spent 1000 USD on your vehicles and 50 USD on taxes 
> and you have paid using your credit card.
>
> You can directly go to your Credit Card Account and do the split in 
> the following way :
>
> a) Increase Credit Card Account by 1050
> b) Increase Expense Account -> Vehicle by 1000
> c) Increase Expense -Account -> Tax by 50
>
> Regards,
> Subramanian V.
> www.lifebytes.in <http://www.lifebytes.in>
>
>
> On Tue, Jul 23, 2013 at 7:01 AM, Niranjan Rao <nhrdls at gmail.com 
> <mailto:nhrdls at gmail.com>> wrote:
>
>     Greetings,
>
>     Renewed registration for two vehicles today. I used functionality
>     of shopping cart on DMV's web site to combine both payments as one
>     credit card charge.
>
>     I have split the transaction so that two accounts for vehicles get
>     it's proper split.
>
>     Here is the problem I am facing.
>
>     I want to see details of this transaction at 3 locations:
>
>     1. My credit card (My upcoming bill for credit card) - Total
>     transaction
>     2. Vehicle (So that I know how much I am spending annually on
>     maintenance and taxes)
>     3. Taxes
>
>     Expense belongs to vehicle, however some part of the annual fee is
>     tax deductible and I would like to keep track of taxes I am paying
>     for future references.
>
>     What is the best way to set up this kind of transaction. Currently
>     split transaction shows under vehicle account as expense, but
>     split shows the original transaction.
>
>     Regards,
>
>     Niranjan
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