Tracking Money in Savings Account

[Wayne Bird]

Michael,

I'm sorry, I couldn't follow what you were trying to say.

> Understand what I am saying?

No.

> Why would you find adjusting once a year or 
> once a quarter or even once a month unacceptable? Why would you find it 
> necessary to maintain adjustment after each and every transaction?

I'm lost, were you replying to something I stated?

Wayne

> Date: Fri, 17 Dec 2010 05:57:19 -0500
> From: stepbystepfarm at mtdata.com
> To: wrbird at hotmail.com
> CC: adardis at gmail.com; derek at ihtfp.com; fireflys_98 at yahoo.com; warlord at mit.edu; gnucash-user at gnucash.org
> Subject: Re: Tracking Money in Savings Account
> 
> I'm going to refer back to the description of the more or less normal 
> procedure when one must "track" spending like this (restricted funds). 
> Remember how I described subfunds dedicated to certain purposes and 
> periodic adjustments between these funds and the unrestricted fund 
> (against which all actual checks were written).
> 
> Understand what I am saying? Why would you find adjusting once a year or 
> once a quarter or even once a month unacceptable? Why would you find it 
> necessary to maintain adjustment after each and every transaction? Take 
> the "son's college fund" vs "son's college expense". Why would you need 
> more detail (as to what was left in the college fund) than enter 
> transactions   db: son's college expenses cr: checking as you pay bills 
> and then once a quarter (or whenever) enter a transaction db: checking 
> cr: son's college fund for whatever the total of those expenses was in 
> the quarter.
> 
> Michael D. Novack