"Virtual" accounts

Maf. King maf at chilwell.net
Wed Feb 8 12:07:19 EST 2006

On Wednesday 08 Feb 2006 16:50, Joel Konkle-Parker wrote:
> I have a single checking account that I use on a daily basis, and is
> reflected by an account in Gnucash under Assets.
> I have a wedding coming up, and I want to be able to track the assets
> and expenses for this separately from the rest of my money, even though
> the funds are actually in the same physical checking account.

IMHO the best way (in general) is to make GC reflect the real world.  

> Right now I just have an Expenses/Wedding account set up, and am putting
> money into it with a Debit from my checking account (and taking money
> out with a Credit). This means that right now Expenses/Wedding has
> -$xxxx, and each payment from that pool of money shows up as $xxx.
> This seems like a clumsy solution though. Is there a better way?

One thing you could do in GC is set up a sub-account under your current 
account to track money set aside for the wedding.  something like 
Assets:Current:WeddingReserve  (A:C:W)

Then when you buy something, you transfer from A:C:W to Expenses:Wedding, and 
when (if!) someone gifts you money to expenses, you transfer from 
Income:Wedding to A:C:W

When you reconcile your current account, remember to check the "include 
sub-accounts" option on the reconcile window

HTH, and best wishes for your happy day!

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