Allocating funds for future use
Maf. King
maf at chilwell.net
Thu Jan 14 04:27:20 EST 2016
On Thu 14 January 16 09:11:20 gnua at sundew.org.uk wrote:
> If I am given say some money for my birthday (say £100), I put the
> cheque into my current account. My very kind relation who gave me the
> money wanted me to get some camera equipment. So I've got x+100 in
> the current account now.
>
> My question relates to working out how I can see what available cash I
> have in my account - so what x is. It is likely more complicated than
> this, because every month I also put in 1/12 of my holiday fund. Do I
> need to see up a liability for future spending? I can't get my head
> around it!
>
Hi,
You could use sub-accounts for your "restricted funds"
Bank:Checking (contains most stuff)
+--- CameraFund (your reserved gift goes into here, and you spend
from here)
+--- HoldayFund
The individual account registers will show their respective balances, the CoA
will show the total in the bank, and the total in each restricted sub-account.
Just be aware that you'll need to select the "include subaccounts" in the
reconcile dialogue box, and over time, you could end up with several dormant
sub-accounts (though if you delete one, GC should let you relocate the
restricted txns up into the main bank account register).
HTH,
Maf.
More information about the gnucash-user
mailing list