Allocating funds for future use

[Maf. King]

On Thu 14 January 16 09:11:20 gnua at sundew.org.uk wrote:
> If I am given say some money for my birthday (say £100), I put the
> cheque into my current account.  My very kind relation who gave me the
> money wanted me to get some camera equipment.  So I've got x+100 in
> the current account now.
> 
> My question relates to working out how I can see what available cash I
> have in my account - so what x is.  It is likely more complicated than
> this, because every month I also put in 1/12 of my holiday fund.  Do I
> need to see up a liability for future spending?  I can't get my head
> around it!
> 


Hi,

You could use sub-accounts for your "restricted funds"

Bank:Checking   (contains most stuff)
           +---  CameraFund  (your reserved gift goes into here, and you spend 
from here)
           +---  HoldayFund

The individual account registers will show their respective balances, the CoA 
will show the total in the bank, and the total in each restricted sub-account.

Just be aware that you'll need to select the "include subaccounts" in the 
reconcile dialogue box, and over time, you could end up with several dormant 
sub-accounts (though if you delete one, GC should let you relocate the 
restricted txns up into the main bank account register).

HTH,
Maf.