transfer from incoming

Joerg Sommer joerg at alea.gnuu.de
Mon May 19 21:19:42 CDT 2003


begin  Derek Atkins <warlord at MIT.EDU> 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

Right, but now my employer says: You've got to much salary, you must pay
$20 back.

Yes, the income account is very magic. :) Now, I found my fould in
thinking. Thank you.

Joerg.


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