How to account for "saving up for X"?

[Phil Longstaff]

On Sat, 2004-09-25 at 09:12, Mark H. Wood wrote:
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> One problem is in putting the money into the "dedicated" accounts.  When I
> deposit money in the bank, the left entry goes to the bank account and the
> right is already claimed:  it goes into income:salary.  So I need another
> transaction to dedicate a portion of the money I just banked, and that
> needs two accounts.  I can take it from expense:vacation but to where does
> it go?  Since it represents money in my possession, it's an asset, but
> what is it and where should it lie in the account hierarchy?

I would create an Equity:vacation account and put it there.

Phil