Accounting Per

David chrstdvd at gmail.com
Wed Feb 25 16:02:56 EST 2015


Oops, I might have to transfer like in Quicken in GNUcash. I would not be
able to reconcile the Savings account unless I transfer the money back into
it and out to checking.

Well, it is all a learning experience.
On Feb 25, 2015 4:03 PM, "David Christopher" <chrstdvd at gmail.com> wrote:

> 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
>> _______________________________________________
>> gnucash-user mailing list
>> [hidden email] <http:///user/SendEmail.jtp?type=node&node=4676477&i=0>
>> https://lists.gnucash.org/mailman/listinfo/gnucash-user
>> -----
>> Please remember to CC this list on all your replies.
>> You can do this by using Reply-To-List or Reply-All.
>>
>>
>> ------------------------------
>>  If you reply to this email, your message will be added to the
>> discussion below:
>>
>> http://gnucash.1415818.n4.nabble.com/Accounting-Periods-tp4675968p4676477.html
>>  To unsubscribe from Accounting Periods, click here
>> <http://gnucash.1415818.n4.nabble.com/template/NamlServlet.jtp?macro=unsubscribe_by_code&node=4675968&code=Y2hyc3RkdmRAZ21haWwuY29tfDQ2NzU5Njh8LTEyMTExNDg1Njk=>
>> .
>> NAML
>> <http://gnucash.1415818.n4.nabble.com/template/NamlServlet.jtp?macro=macro_viewer&id=instant_html%21nabble%3Aemail.naml&base=nabble.naml.namespaces.BasicNamespace-nabble.view.web.template.NabbleNamespace-nabble.view.web.template.NodeNamespace&breadcrumbs=notify_subscribers%21nabble%3Aemail.naml-instant_emails%21nabble%3Aemail.naml-send_instant_email%21nabble%3Aemail.naml>
>>
>




--
View this message in context: http://gnucash.1415818.n4.nabble.com/Re-Accounting-Per-tp4676480.html
Sent from the GnuCash - User mailing list archive at Nabble.com.


More information about the gnucash-user mailing list