Accounting Periods

[David]

Yep, I got that figured out now.  As far as a budget goes I really do not
need one but to explain what I do with one:

I have two incomes one deposited into savings, the other into checking.
The amount in checking is not enough for the monthly fixed expenses, so I
have to transfer around $160 into checking from the income of the current
month.  The rest of the Income is transferred to what Quicken called saving
goal accounts to cover annual expenses of property tax on home and autos, a
grand is transferred to a joint savings account with my college student
daughter for her tuition and living expenses and what is left over is
transferred to an emergency fund.  My income is zeroed out in savings which
has a zero balance when finished and my checking account is zeroed out with
income plus the transfer and I keep the balance around $300.

In reality the cash is in the savings account, but on my books it is not.
The goal accounts make it look like it is empty.

As far as my wife's incomes that we use for the living expenses and her
savings, Cash Flow reports are good enough,  But I do have it in a budget.
Someone taught me how to pull monthly budget reports with just the three
columns for Budget Actual and Difference the way I am used to dealing with
it.


On Wed, Feb 25, 2015 at 10:03 AM, YeOldHinnerk [via GnuCash] <
ml-node+s1415818n4676472h64 at n4.nabble.com> wrote:

> Hi David,
>
> budgeting isn't the strongest feat of GnuCash, but from what I read, you
> could do it the proper accounting way and build up reserves e.g. using
> scheduled transactions. Then you balance sheet would an the asset side show
> you checking accounts and under liabs you would see any reserves you have
> built up. Decrease these, when the actual cashflow happens. Your balance
> sheet would also show you under equity how much money is not used up by the
> reserves. If you also book your payables with a scheduled transaction at
> the beginning of each month (and decrease these when the cashflow happens),
> you should see a full "budget" for the upcoming month in you balance sheet.
>
> That's the way I do it anyway. I never was too happy with the built-in
> budgets in GnuCash, which also don't respect book closings and require too
> much manual work for me.
>
> Best,
>
> YeOldHinnerk
>
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