Accounting for saving money to pay credit card monthly

[Mark Johnson]

Matthew Vanecek wrote:

><quote who="Bill Wisse">
>  
>
>>On Thursday 13 January 2005 06:49, Robert Uhl wrote:
>>    
>>
>>>TC <tc at emailetc.co.uk> writes:
>>>      
>>>
>>>>Eventually, after much messing about, I realised that I was doing it
>>>>        
>>>>
>>>all wrong.  This is a budgeting problem, *not* a book-keeping one.
>>>You CANNOT do what you're trying to do within the the overall
>>>ledgers of Gnucash (or any other proper book keeping tool) and still
>>>have your books be accurate.
>>>
>>>Not true; I've been using GnuCash to handle budgets for several years
>>>now.  What I do is make my budgets sub-accounts of my chequing and
>>>savings accounts (chequing, since that's where the majority of my
>>>money comes from, and savings because for long-term budgets it makes
>>>sense to earn better interest).  When I pay for an item, it's either
>>>via cheque or credit card.
>>>      
>>>
>>I do that as well and it works great.
>>I have a number of subaccounts in my cheque account.
>>When I make a deposit say for $1000.00 I split this up in
>>one subaccount "Reserved for Import duty" ( end of the month I have to
>>pay  Import duty) ... $200.00. Cheque account $800.00.
>>the total will still show up as $1000.00 but I see that I can only spend
>>  $800.00
>>
>>--
>>
>>    
>>
>[snip]
>
I'm curious.  How does this affect your reconciling the account?  It 
looks to me like reconciling would be very difficult.

Mark