Virtual accounts?

[Ron Morse]

Would split transactions do what you want?  Create your virtual 
accounts as subs under your checking or savings account.  Money 
moving into or out of the real account would, under GnuCash, get 
split to the various subs as desired. The sum of the splits should 
reflect the single transaction the bank sees. 

When you buy a car or computer or whatever you do another split where 
the source of the funds is a credit transaction from the subs 
supplemented from the main account as required.  Again, the total of 
the splits will equal the single transaction (i.e., the check you 
wrote or the withdrawal you made) that the bank sees. 

I don't do this myself, but it ought to work. 

Ron Morse

On Tuesday 23 January 2007 15:11, Jörg Schaible wrote:
> Hi Derek,
>
> Derek Atkins wrote:
> > Quoting Jörg Schaible <joerg.schaible at gmx.de>:
> >> Hello,
> >>
> >> still learning to use GC2 and I have questions left that may be
> >> answered by one of you ...
> >>
> >> Currently I don't know how to represent "virtual accounts". Say,
> >> I try to save from my monthly income a certain amount of money
> >> in these "virtual accounts" e.g. for the car, for holidays and
> >> for health expenses. But the money is physical available either
> >> in my check account or the savings account. Therefore I cannot
> >> simply create an account Asset:Savings:Car and transfer money
> >> from the check account into it ... since the checking account is
> >> balanced online with my bank. How can I simulate monthly rates
> >> into the virtual accounts or charge such an account with
> >> expenses?
> >
> > If the money is sitting in Assets:Checking just create a
> > subaccount, Assets:Checking:Car, and move your savings into
> > there.
>
> Hmmm. Isn't it that the online account may not have sub accounts?
> And the money is physically located in Assets:Checking and
> Assets:Savings. Additionally the "virtual account" may become
> negative e.g. the Car account has savings of $10000, but I spent
> $12000 for a new one (since the money is physically available, but
> was originally thought for something else). So the monthly savings
> for cars will have to fill this gap.
>
> Currently I can only see that I have e.g. $15000 left in total, but
> I cannot see how much of it was dedicated for a certain area. If I
> spend $1000 for a new computer the "virtual Computer account" is
> quite empty and I know that I have to save some money again before
> buying the next or another one.
>
> - Jörg
>
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