Church Use of GNUCash
Aaron Laws
dartme18 at gmail.com
Fri Dec 22 13:56:53 EST 2017
Excellent; thank you. One more question:
On Fri, Dec 22, 2017 at 12:31 PM, Mike or Penny Novack <
stepbystepfarm at dialup4less.com> wrote:
>
> The idea is that the money was received into the regular banks accounts
> but sort of not there/available because a corresponding liability. If and
> when money has been expended for a reason which would qualify for the use
> of those funds an adjustment transaction is made for the amount no longer
> restricted. Not necessarily with each expenditure. Possibly only quarterly
> (for the total of qualifying expenses that quarter) but decisions like THAT
> depend on volume.
>
>
I'm guessing my liability encumbrances look a bit different from what
you're talking about. In my case, the encumbrance is made like this:
Expense:Discretionary Earnings x
Liabilities:Discretionary x
And relieved by
Liabilities:Discretionary x
Assets:Checking x
This way, discretionary purchases don't show up directly on profit and
loss, only what I care about: the expense of earning discretionary funds.
What you're talking about is probably populated more like
Assets:Chequing x
Liabilities:Organ Fund x
Then some expense:
Expense:Organ x
Assets:Chequing x
But then how is the encumbrance relieved?
<< an adjustment transaction is made >> How does that adjustment
transaction look?
More information about the gnucash-user
mailing list