Tracking Money in Savings Account

Dennis Brakhane brakhane+gnucash at googlemail.com
Fri Dec 17 06:59:16 EST 2010


Am 17.12.2010 08:38, schrieb Ian X Waddington:
> * Tracking Source Income
> I have been using the 'classification and sub-classification' feature to
> track source income against spending.
> 
> The generous gift is added to my savings account but classed as
> Source:UncleTom
> 
> Whenever I buy something using this money, usually something as a treat I
> would not normally buy, I classify it against Source:UncleTom.  It does not
> matter what money I actually spend, whether it be credit or debit card or
> good old fashion cash if I run a report of Source:UncleTom I can see exactly
> how much I received and how much I have left and most importantly I get a
> list of each transaction so I can see exactly what I've purchased and where
> and when. I've been doing this for years to track Source Income, DIY
> projects, holiday spending, Christmas spending and even business expenses.
> 
> The ability to add additional reportable information to a transaction is
> just invaluable.

You can do these things in GC easily. Suppose the money from Uncle Tom
went into your savings account. If you want to specifically track this
money, you can create a subaccount of your savings account
Assets:Savings:MoneyFromUncleTom. You would book the initial gift as
Income:Gifts -> Assets:Savings:MoneyFromUncleTom.

Whenever you buy something that should be regarded as coming from Tom's
money, you book the transaction as A:S:M -> Expenses:Whatever instead of
A:S -> Expenses:Whatever.

You just have to be aware that the Balance shown in the A:S account is
not the same balance your bank shows, as the money from Tom is in
another Account in GC. However, in the Accounts page, you will always
see the complete amount for A:S, as A:S:M is a subaccount. Just remember
to mark "Include Subaccounts" when reconciling your A:S account. If you
do this, the total during reconciliation will match your bank's statement.



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