Allocating a "real" account into "virtual" accounts

[Derek Atkins]

"Duane Fleer" <duane.fleer at gmail.com> writes:

> I would like to use GnuCash to keep track of a single physical savings-type
> account that will be used as a holder for moneys allocated for various
> purposes in "virtual accounts".  I've heard this described one time as being
> similar to fund-based accounting.  I need to be able to deposit money in the
> physical account, and allocate it in the program to the various virtual
> accounts, allocate monthly interest as desired, and record payouts against
> the appropriate "virtual account" with the payment also effecting the
> balance of the tracking account of the real account (for reconciliation
> purposes).  It's setting up this last bit that I'm a little confused about.
> Is this possible, and if so, how can it be done?

Use Sub-Accounts from the main account.
During Reconciliation, make sure you select the "Include Subaccounts" option.

> Thanks.

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-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available