Best way to organize accounts

[Derek Atkins]

eschvoca <eschvoca at gmail.com> writes:

> Thanks for the responses.  I think I understand my problem.  When my
> bank account makes an income (e.g. from interest) I should transfer it
> _from_ an Income account _to_ an Asset account.  I was thinking the
> transfer happened in the other direction.  Then my balance in the
> Asset bank account should equal the balance of the bank statement.  Is
> that right?

Yes.

-derek
-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
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