Budget Questions

[Phil Longstaff]

1) You can assign budget amounts to asset and liability accounts. A budget
for an asset account is the budgeted amount this account will increase. The
budget for a liability account (e.g. a loan) is the budgeted amount this
account will decrease.
2) In your example, you have budgeted that there will be $10 of income and
$-10 of expenses i.e. you will get a refund for an expense account. I think
you want $10 there.

On Tue, Feb 16, 2016 at 10:07 AM, David T. <sunfish62 at yahoo.com> wrote:

> Hi,
>
> I have a couple of questions about how the Budget features and reports are
> intended to work.
>
> First, I have noticed a couple of things in the Budget window that I do
> not understand:
>    1) What does the Transfers total track? For me, that field is always
> zero, so I wonder what it is supposed to contain.
>    2) The totals for Income, Expenses and Transfers add up strangely. I
> would expect that Income and Expense would offset one another, but they do
> not. They both increase the Total. It looks strange to have Income $10,
> Expenses -$10, Total $20. Is this expected behavior, and if so, why?
>
> Second, I am using the Budget Report to view actual (as opposed to budget)
> monthly numbers using a budget I created that has budget amounts only for a
> subset of the entire Chart of Accounts. I use the report to view how much I
> am spending and receiving in a highlighted number of accounts especially
> interesting to me, setting the report to display only the actual numbers
> for the budget period. This way, I can see a summary of my spending in
> those areas at a glance.
>
> When I run the report, however, I find that the totals for Actual data
> tally all accounts, regardless of whether those accounts are: a) included
> in the underlying budget, or b) selected for display in the report. This
> isn’t the behavior I would expect; is it right, and if so, why?
>
> TIA,
> David
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