Accounting Periods

[David]

Hey Mike, I studied that method under the Envelope system.  But that system
requires way more time than I want to devote.  Hahaha!  I actually set it
up in a copy of my file and put it in a different folder.

I think it was the part where you actually pay the property tax that made
me stop in my tracks.

The way I have it now only requires me to transfer money from the goal
account and then pay it from checking. In Quicken you have to transfer back
to the savings account then from the savings to checking.  I like this
better.

The trick is not to transfer money to an goal account from two source
accounts.

On my wife's checking account I save, say $500 a month by transferring to
savings goal account.  When that account gets to 3k then I transfer 2k to
her real savings acct where it stays.  I keep the 1k in there a an
emergency fund.

To reconcile her checking account, I tell the reconcile that the online
balance is what the bank says less what is in the goal account.  Comes out
to zero every time so far.
On Feb 25, 2015 3:25 PM, "Mike or Penny Novack [via GnuCash]" <
ml-node+s1415818n4676477h19 at n4.nabble.com> wrote:

> 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.
>
> If you want the savings account to reflect what is actually in there but
> also to have these reserve accounts (what I will call your "goal
> accounts") simply put them as children. In other words, this is just a
> "chart of accounts" issue. Suppose you had this structure:
>
> Savings account #12264    ( a placeholder)
>      Unallocated savings        (what isn't in reserve)
>      Reserve for annual tax bill    (as the name says)
>      ....... your other reserve funds
>
> Now the total will match your bank statement for account #12264
>
> Where were you putting these "goal accounts"?
>
> Michael D Novack
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