Balances forward of unused cash advances from previous year
Anita Graves
anitagraves at mac.com
Thu May 18 10:52:30 EDT 2017
Maf,
Exactly—the bank shows our actual lump asset, but we care about the movement of these ‘earmarked’ funds and keep them in our reports, so we know at a glance how much spendable money in the bank we actually have, as opposed to what the bank statment gives as our balance.
Anita
> On 18 May 2017, at 5:49 PM, Maf. King <maf at chilwell.net> wrote:
>
> On Thursday, 18 May 2017 15:39:59 BST you wrote:
>> Maf, I forgot to mention an important thing: I am not moving money from the
>> bank, I am keeping it in the GC account tree along with cash, current,
>> savings accounts, so one would only know about these funds that are set
>> aside by looking at the GC accounts, not by looking at the bank statement.
>> It initially comes in as a contribution, and so I would put the
>> contribution in the asset subaccount, as an earmarked account, and then
>> spend that balance down to zero in the expense account. Is that right?
>>
>
> Yes. your GC bank account can have sub-accounts - virtual "pots" of money
> that only show up if you look at GC. The bank thinks you have 1 "big"
> account, you think in terms of several mini accounts within the main bank
> account that keep your reserved totals easy to find...
>
> Maf.
>
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