transfer from incoming

[Derek Atkins]

Wait, one of us is extremely confused.

An income account is magic.  A normal (asset/liability) account starts
at zero and then you have to add an opening balance (add some cash) to
make it positive -- and then you make withdrawals to lower to value.
But as I said, an income account is magic... You DONT add an opening
balance -- you just pull money out of it.

So let's say I have a paycheck for $100.  I basically create a transaction
that says:

Paycheck
  Income          $100
  Bank    $100

Now you will find that your income account has a balance of $100 and
your bank account ALSO has a balance of $100.  Now let's say you spend
$20 on dinner.  You create another transaction:

Dinner
  Bank    $20
  Food           $20

Now the balances are: income $100; bank $80; food $20.

So, I really have no clue what you're trying to do or why you're having
so much trouble, unless you seem to think that you need to seed your
income account with an opening balance and "draw" from that.  But that's
not the way an income account works and is probably why you're confused.

I hope I've helped explain it now.

-derek

Joerg Sommer <joerg at alea.gnuu.de> writes:

> begin  Derek Atkins <warlord at MIT.EDU> wrote:
> > Joerg Sommer <joerg at alea.gnuu.de> writes:
> > 
> >> Bad. What can I do to tell this account, I must give something back? I've
> >> got 100 Euro, but I should got only 80 Euro. The transaction to my bank
> >> account is 100 in and now I must tranfer 20 Euro out. At the end of the
> >> year, the income account should show me the sum of what I've really got.
> > 
> > If you need to reduce your income then you can just invert the
> > transaction..  -20 income and -20 checking.
> 
> But then, the amount is reduced from the bank account, too. This looks
> crazy:
> Bank account:
> Total Withdrawal = 20
> Bank acc - withdrawal = 20
> income acc - deposit = 20
> 
> Income account:
> Total Charge = 20
> income acc - charge = 20
> Bank acc - income = 20
> 
> The amount is reduced from the bank and the income account, but nowhere
> added.
> 
> Joerg.
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-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available