noob questions - drowning here

Graham grahamtiberius at gmail.com
Sun Jun 26 13:34:06 EDT 2011


Regarding entering income, maybe the way I look at it will help. Think of it
as two sections:
1) Where did the income/expense come from
2) Whats the most logical way to categorize it

Examples:
I enter my paycheck into my "Paychecks" account and link it to my "Bank"
account.
If I use my banks debit card at a restaurant:
I enter the amount in my "Dining Out" account and link it to my "Bank"
account.

This way my bank account always has the exact amount that is actually in my
account. And I can then easily track where my money is going with my
different expense accounts (i.e. Dining out, gasoline, car repairs, etc.)
and then run reports on them.

On the rare occassion when something just cant be logically linked to
anything, I point it to a placeholder account I made called "Null"

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