Tips: Separating personal finances from things parents pay for

[Dorel Ciornei]

Hi Dustin,I am a parent that is doing the same type of record keeping for my son's school.Perhaps some of this may help:

Think about the money that you get as an 'income' for you. 
So you could set an income account named 'Parents Help' or whatever. All the money that they give you or spend for you would come from that, so it would really show you the total they spent for you.
When they give you the money, you either deposit it in your checking (or cash), or they or you pay directly expenses.To track what you pay from their money (or they pay directly) is a bit more complicated as you would have to set up a sub-account for what you pay with that money. Let's say you pay some of the Tuition yourself and some is paid by your parents.
The account would look like:
Expenses:-> Education Expenses: -->> Tuition
   --->>> Tuition paid by me
   --->>> Tuition paid by parents
When you pay if the money comes from them, you record it under Tuition paid by parents, if you pay, the money goes under Tuition paid by meWhen you run reports you can pick the accounts that you want to see in the report.When you just look at the 'Chart of Accounts' you can see the total paid by you, them as well as total spent.
Also, the income account will show the total they gave you to date.
At least that is how I do it. My son tracks a bit different, as he considers the money I gave him as an investment so he uses an Equity account to track what he gets from us.
I hope this helps a bit.Dorel

 


     On Saturday, September 5, 2015 9:28 AM, Dustin Michels <dustin7538 at gmail.com> wrote:
   

 Hi!

I'm a college student, starting to use GNU cash to manage personal
finances. I would like to record things my parents are paying for
(like my tuition) under expenses (the same as other expenses) but view
my personal expenses (exuding things parents pay for) in reports.

That is to say, I would like to make one multi-column report with
information about income and expenses and cash flow that excludes
things my parents pay for, and another that shows only things my
parents pay for. Any ideas?

Thank you!!

-Dusty
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