structuring problem with managing household finances - and how to use GnuCash in general
girardaquino at hotmail.com
Mon Sep 29 23:42:55 EDT 2008
sorry to bump, but my post might have been missed out.
Girard Aquino wrote:
> 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:
> Current Assests
> 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
> Child Tax
> Other Income
> Credit Card
> Home Mortgage
> Other Arrears
> /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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