Transfers Between Checking and Savings

[David T.]

But, Mark,

The overall balance IS going down; you ARE losing money every month. You are spending assets down. Eventually, they'll end up at $0.

That's what you're doing, after all--you're drawing on your parents' assets to pay their expenses. 


Your role here is to present that the overall balances are going down (as planned). If you are looking to document where the money is being spent, various reports will help. You can specify the accounts and transactions to include. The Cash Flow report might work as well (but here I'm speculating, since I don't use that).

David



________________________________
 From: Mark Phillips <mark at phillipsmarketing.biz>
To: Ian Konen <iankonen at gmail.com> 
Cc: Gnucash Users <gnucash-user at gnucash.org> 
Sent: Tuesday, March 19, 2013 10:49 AM
Subject: Re: Transfers Between Checking and Savings
 
<snip>

What I don't like about these reports is that the income/expense report
shows a loss each month. The loss is covered by draws from their savings
account. I would like to have an income line item call "Income from
Savings" to show these draws. I think of it as no different than getting a
check in the mail from their investment account, which I enter as Income
from Investments (I do not have an asset account for their investments) -
we just look at the monthly report from the investment company. We are not
taking draws from these yet). My siblings can see from the transaction
report that money is going out of the savings account, but it is not
readily apparent from the income/expense report. I think of the
income/expense report as a management tool, and the transaction report a
way to provide transparency to their monthly activity as the transaction
report is a direct link to the monthly bank statement.

<snip>