Budgeting and negative balance
Nicolas Belgium
nicolas at fairon.net
Tue Mar 10 10:39:35 EDT 2015
Hello,
I wanted to do double-entry accounting for my home accountability,
especially to do fine grained budgeting. Everything looks fine with gnucash
except when I'm about to do budget.
Here is a simplified situation:
On a given month I plan to buy a car. For that month I put *-10000* in a
*"car loan" liability account* and I added *10000* in *Current Assets -
car*.
By setting -10000 I have a* correct Budget balance sheet* as my liabilties
and assets increased but on the budget sheet I ended-up with 20000 in
Transfers and a negative Totals (Income - Expenses - Transfers).
If I set *10.000 as car loan*, Totals are correct, but Budget balance sheet
shows a negative liability.
What am I missing here?
Little precision, I'm not accountant, I discovered double-entry accounting
during accounts presentation as a member of the board of a non-profit
organization and I enjoyed all the possibilities it offers in term of
budgeting so I want to implement it at home.
Thank you all for your help, I don't mind if I get RTFM answers, but please
be kind and point me the page if so because I'm quite stuck for 2 days
looking all forums threads about budgeting and gnucash.
--
View this message in context: http://gnucash.1415818.n4.nabble.com/Budgeting-and-negative-balance-tp4676795.html
Sent from the GnuCash - User mailing list archive at Nabble.com.
More information about the gnucash-user
mailing list