How do I account for a promise to pay something?

[Tim Wunder]

I made a promise to pay my church X dollars for their building fund over the 
next 3 years. What's the best way to keep track of that?

Right now, I've created a liability, Liabilities:Promise, of $X, debiting 
Opening Balances. When I make a payment against that liability, I credit 
Checking and debit Expenses:Charity, and add a split to debit 
Liabilities:Promise and credit Opening Balances the same amount.

Is there a better way?

Thanks, 
Tim
-- 
Fedora Core release 6 (Zod), Linux 2.6.22.14-72.fc6
KDE: 3.5.8-1 Fedora
 22:55:01 up 33 days, 14:32,  3 users,  load average: 0.26, 0.56, 0.53
"It's what you learn after you know it all that counts" John Wooden
-------------- next part --------------
A non-text attachment was scrubbed...
Name: not available
Type: application/pgp-signature
Size: 189 bytes
Desc: This is a digitally signed message part.
Url : http://lists.gnucash.org/pipermail/gnucash-user/attachments/20081122/9f60d195/attachment.bin