structuring problem with managing household finances - and how to use GnuCash in general
girardaquino at hotmail.com
Sat Sep 27 00:27:13 EDT 2008
hi. i'm a new user and i am having trouble trying to manage our finances
the way accounting softwares do it. i am working with the default common
accounts structure and have modified it to accommodate my spouse's
income, and have inserted our home mortgage, other arrears as well as a
car loan. after entering all transactions, they seem to be quite clear
and I have zeroed the imbalances. however, when I produce cash flow
report for a specified period, it gets confusing. can anyone suggest a
structure to manage our accounts?
I would like to able to see how much we're spending on what (here the
common accounts does well for us) against our income (showing both
combined as well as individual). I would like to be able to do this
using different periods (yearly, monthly, quarterly).
A couple of questions:
1. Does it matter if my checking account and my wife's is under a
placeholder such as:
Cash in Wallet
/1.1 And would the level of the account in the hierarchy affect
anything aside from how it looks?
Here is how I arranged the others in the structure:
[various kinds] - * this is pretty simple
/2. When producing reports, what should I use if I want to see just
how much we spent as against how much we earned for a specified period
2.1 I noticed and as far as I understand, GnuCash places this against
how much I have earned throughout the year reflected in the Income account.
3. On the accounts page, there are different columns: Total, Balance
(CAD), Description, Account name. What does the Balance column reflect?
4. Is there a way to create a template from an existing account hierarchy?
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