Self loan

[Andrew Sackville-West]

On Thu, Dec 18, 2008 at 07:22:34AM -0500, Mike or Penny Novack wrote:
> Fabian Hernandez wrote:
> 
> >Merry Christmas!
> >
> >I wanted to create a saving habit for expenses in the future rather than financing them.  
> >To do that I created sub-accounts under my savings account, one for each expected future expense.
> >
> >Recently one of those expenses presented before expected, I decided to lend my self some money. In reality the money does not move when I take self load, as they are all in the same bank account, but I would like to find a way to record (as best or as orthodoxically as possible).  I would like to charge interests to myself and be able to record payments.  I though about opening a liability account with the interest calculated beforehand (added to the loan amount), but registering payments does not work as money never really leaves my savings account when I pay my self-loan.
> >  
> >
> You are creating "reserve accounts" as sub accounts of your savings. 
> Nothing says that the balance of these necessarily has to be positive. 
> That answers your "loan" part of the question. I have no idea how 
> GnuCash will SHOW the negative asset account in your balance sheet 
> (whether as a negative asset or a positive liability).

a negative liability.

A
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