Budgeting Summary 1 - first draft
Rick Ziegler
rick at zieglernet.org
Mon Sep 8 12:13:55 CDT 2003
Greetings all-
>From reading the summary, I think that the conversation may benefit from
nailing down some options regarding the loose coupling between accounts
and budget categories.
The option I like best is to:
1) Define a budget within an alternate account heirarchy for a givin
period.
2) Define a budget category as an account with associated value
deltas. Category may be a placeholder account.
The non-obvious component to using this method is the question of
non-accounts ( ie: saving for a truck ).
In this case, one could create categories under an asset account in the
budget heirarchy. This is similar to the way people currently use
gnucash accounts do a budget.
The current balance in the category could be computed either as:
1) A percentage of the deltas: if I contribute $1000 to the savings
account, 20% is earmarked for the truck, 80% for my retirement.
2) A priority system: 100% of my deltas go towards my highest priority
( truck ), until the goal for the period is reached. Then the 2nd
priority, and so on.
Again, this may be what everyone is thinking, but I have not heard it
stated explicitly.
These alternate account heirarchies should be available in all reports
too :)
regards-
Stewart V. Wright wrote:
> G'day All,
>
> <SNIP>
>
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