Confusion over Salary and Savings account usage

[software.temp]

Not a worry :-)

At this stage I'm in learning mode - so hearing about the different ways 
things can be done is really good for me

For my circumstance, all my salary gets paid into one bank account but I 
do know others who do get it split, so it good to know that splitting 
one's salary is supported should I ever need it in the future or if I 
help others start using gnucash as well and come across the need to 
split a transaction - I believe some relatives might be able to use this 
package but I can't recommend it at this stage until I lean more about 
it, so knowing the various things that can be done is excellent

The viewing of the split transactions all on the one screen is my noob 
status, I didn't realise it's a simple viewing option. Once that method 
of viewing is selected, it shows all the splits without me needing to 
try and explode each one - no doubt I'm going to encounter a number of 
these things until I get beyond my gnucash 'L Plates' lol

On 4/07/2013 6:35 PM, prl wrote:
> Hi, Maveri.
>
> I think that what Maf was getting at is that it's useful if the debits 
> and credits to your GnuCash (bank) assets accounts match the debits 
> and credits that you'll see in your bank statement for the 
> corresponding bank accounts. Otherwise it's harder to reconcile your 
> bank statement with the record in the account in GnuCash. Doing it 
> that way also means that the transactions in GnuCash actually reflect 
> what you did with your actual bank account; salary of $1000 paid into 
> the bank account one day, transfer $500 from the bank account to your 
> wallet with a separate withdrawal, perhaps on a different day.
>
> When I made the suggestion about using the split transaction to put 
> the $1000 of salary into two accounts, I assumed that what you had was 
> an arrangement with your bank to automatically split your salary into 
> two accounts when the money was paid in, say a standing order for the 
> bank to put $500 of your salary straight into your cheque account and 
> the remainder ($500 in this case) into your savings account. The bank 
> I use allows that: " You can have all or part of your salary 
> automatically paid and distributed to your various <somebank> accounts. "
>
> Also, you don't need to use Auto-Split Ledger to use (or view) splits. 
> You can right-click on a transaction and select Split Transaction in 
> Basic Ledger. That will show the transaction's splits if it's a split 
> transaction, and open up the transaction for entering splits if it's 
> not (e.g, if you're entering a new transaction). If most of your 
> transactions aren't splits, then using Basic Ledger might be more 
> convenient than using Auto-Split Ledger. The Transaction Journal view 
> will show all splits open all the time (and both sides of each 
> ordinary transaction). I use the Basic Ledger/Double Line view almost 
> all the time.
>
> Peter
>
> On 4/07/13 17:46, maveri wrote:
>> Hi Maf,
>>
>> In my case, I am using gnucash in a learning mode before I start entering
>> everything into it and go full swing with it - until now I am not using any
>> system so I'm very green in terms of tracking things properly. I have on
>> occasions put major items into an excel spreadsheet for tax purposes but
>> this is for targeted items - so I'm more than open to real world suggestions
>> such as yours
>>
>> I think your approach is probably going to be more in-line with how I wish
>> to go, the transfers out of the salary would be spread over days normally,
>> so perhaps a split transaction would not be the best in terms of tracking
>> individual items. The only benefit I could see is if one wanted to see how
>> much of a particular salary was consumed in a given period?
>>
>> I also notice that to view a split transaction requires viewing via the auto
>> split ledger, I was hoping it would expand out through a simple double click
>> - having everything displayed on the one screen is more in-line with what I
>> want, so I will modify what I'm doing to follow your suggestion
>>
>> Thanks all for your help to date
>>
>>
>>
>> --
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