[GNC] help to set up equity sub-accounts opening balances

Marilyn Graves Kimple mgkimple at yahoo.com
Wed Aug 5 17:14:09 EDT 2020


 Thanks-- but my problem is that I do not treat items from these equity accounts as expenses at all. In my former program it was called a "fund" account and I could move funds in and out of the equity accounts without affecting my monthly expenses. It was like an assets account but of course it just represented a designated portion of my assets. Since I cannot assign an opening balance to part of my equity account I am not sure this is something I can now do. 
For example, I write a check for a donation, credit my checking account and directly debit my tithe (equity) account. It does not show up as a monthly expense, although I transfer funds each month to the tithe (equity) fund by debiting what I am (possibly incorrectly) calling my accruals (expense) account. I divide up any profit/loss at the end of the month directly to my equity sub-accounts as credits, so my income always zeros out my expenses at the end of the month.
I would sure like to figure out a way to do that in GnuCash. If I just treated my tithe, etc. accounts as expenses I do not see how I could keep a running balance.  Maybe I will just have to do something different.
Best regards, mgk
 
Message: 3
Date: Wed, 5 Aug 2020 10:35:32 -0500
From: Adrien Monteleone <adrien.monteleone at lusfiber.net>
To: gnucash-user at lists.gnucash.org
Subject: Re: [GNC] help to set up equity sub-accounts opening balances
Message-ID: <rgejk5$f3s$1 at ciao.gmane.io>
Content-Type: text/plain; charset=utf-8; format=flowed

While you can make any account structure you want, there's no need to do 
so just for reporting purposes. Reports can show expenses (or anything 
else) monthly, yearly, for just a few days, or one day only if you like.

Regards,
Adrien

On 8/4/20 10:07 AM, Marilyn Graves Kimple via gnucash-user wrote:
> I have used double-entry bookkeeping although I am not trained. In the past I have used what I called 'fund' accounts as sub-accounts for my equity account: home maintenance, tithe, and emergency savings, for example. I divide my 'profits' each month and accrue them through an expense account to accounts which are part of my total equity.
> The object is to keep a running total for expenses which are typically annual rather than a month-by-month total. Can I do this with GnuCash? I think I really need to do this.
> Setting up my accounts initially I tried setting up sub-accounts under the parent Equity, and then under the Equity sub-account Opening Balances, and it only allows me to transfer to Open Balances in each case. The funds in my assets/liabilities account are not transferable 1 to 1 to one of these other accounts.
> I may have to change the way I do things, but I would really appreciate help with this.? mgk

  


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