transfer from incoming

[herman]

Income and Expense Accounts are 'Tracking Accounts'.  They are a 
journals and exist only for your and the taxman's benefit, to see what 
is going on in your business.  The bank account has real money in it, 
the other's don't really.

So, if you earn income, your bank account will grow and your income 
tracking account will grow too and as a result, your owner's equity will 
also grow:

Equity (Your money) = Assets (Income) - Liabilities (Expenses)

Hope this helps,

Herman
http://www.AerospaceSoftware.com

Derek Atkins wrote:

>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.
>>_______________________________________________
>>gnucash-user mailing list
>>gnucash-user at lists.gnucash.org
>>https://lists.gnucash.org/mailman/listinfo/gnucash-user
>>    
>>
>
>  
>
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