GnuCash Income - How to manage?

[Samuel Holmes]

Ok, I think I have figured it out!  What I have done is this:

I have a number of accounts:

1. Opening Balances - used to store the opening balances of my Savings and
Bank accounts at the start of the accounting period.
2. Current Account - my bank account.
3. Savings Account - my savings account.
4. Income - all income (from employment, gifts etc. divided into
subcategories).
5. Expenses - all expenses (divided into subcategories)

Now, let's assume I pay a bill for £100.  I go:

Current Account: Transfer to Expenses, Withdrawal of £100.

This creates an entry in Current account and Expenses.  No imbalances (all
good).

Now suppose I want to record earnings from work, etc.  I go:

Current Account Transfer from Income, Deposit of £250.

This creates an entry in Current account and Income.  No imbalances!

So yes, I think I have cracked it.

Thank you everyone for your suggestions.

On 8 July 2015 at 20:31, nvsoar <nvsoar at charter.net> wrote:

> On 7/8/2015 10:33 AM, SamuelHolmes82 wrote:
>
> snip
>
> How then should I manage Income in GNUCash?
>
> My suggestion is to go to
>
> http://www.gnucash.org/docs.phtml
>
> Get both the Help Manual and the Concepts Guide and study, study,
> practice, and study some more as need be.
>
> nvsoar
>
>
>
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