Tracking Money in Savings Account

[Wayne Bird]

Thank you Maf.  Completely understand!

Wayne

> From: maf at chilwell.net
> To: gnucash-user at gnucash.org
> Subject: Re: Tracking Money in Savings Account
> Date: Thu, 16 Dec 2010 08:45:36 +0000
> CC: wrbird at hotmail.com
> 
> On Thursday 16 December 2010 08:15:55 Wayne Bird wrote:
> 
> > As I stated below, "I have some money in a savings account that has to be
> > saved for retirement."  Therefore, it's just savings -- the money is
> > actually in my savings account.  So, as you said, how do I set this up
> > outside/apart from the Assets:Banking:Savings account, such as
> > Assets:Banking:Retirement and still have the balance in
> > Assets:Banking:Savings account be correct?  Having
> > Assets:Banking:Savings:Retirement, in other words, a subaccount of savings
> > makes sense to me, but I don't understand how it would work (have account
> > balances be correct) if I separate the accounts.  Will you please explain
> > if it does work.
> >
> > Thanks,
> > Wayne
> >
> 
> Hi Wayne.
> 
> I would use the sub-account structure you suggest above.
> If you look at the register for Assets:Bank:savings, it will not include the 
> subaccounts.  Each sub-account register will show the balance in that 
> subaccount only.  I guess that the parent effectively becomes a kind 
> of "overflow for miscellaneous txns sub-account" itself.
> 
> What you can do, though, is use the Accounts tree to see the total balance of 
> the parent account and all sub-accounts.  You need the column "total" IIRC. 
> If you don't see that column on the accounts tree page, click the little 
> down-arrow at the far right of the screen, that should let you add it.
> 
> Also, when you come to reconcile your savings account, make sure that you 
> check the "include sub-accounts" box!
> 
> HTH,
> Maf.