Earmarking funds for specific purposes

David T. sunfish62 at yahoo.com
Sun Nov 27 07:38:00 EST 2016


Welcome to the list! This comes up at various times; you could search for information about using an envelope system with GnuCash. In addition, others have used sub-accounts to set aside earmarks. 

Best,
David T.

> On Nov 27, 2016, at 5:22 PM, Anita Graves <anitagraves at mac.com> wrote:
> 
> Please tell me how I can account for earmarked funds, i.e., funds contributed in cash and deposited in the bank account, but tagged (earmarked) to be spent in the future for a future specific purpose.  I think these funds should be held in a ‘Liabilities’ account, a separate liabilities account for each specific purpose, but how do I account for them in the debit/credit scheme.  They cannot be a credit against the checking account, and they accumulate until such time as they are dispensed thru the checking account for the purpose for which they have been marked.
> 
> The reason they have to be held back until a future time is that they are cumulative in nature and until several contributions earmarked for the same purpose are collected, it is not desirable to disburse them immediately.
> 
> I am not sure what to do.
> 
> I am a new gnucash fan and so far I can understand most things, but not this one.
> 
> Thank you,
> Anita Graves
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