[GNC] How to enter value when budgeting? And meaning ?
Long
Phamhoanglongvn at outlook.com
Tue Feb 18 09:01:45 EST 2020
Thank you for take your time to read this post and Help me.
I'm newbie and not a accounting, and i want to budgeting my income, saving
account, expenses, liability and more, but GnuCash Budget make me hard to
understand what going on !
For example :
*Example 1 :*
Income / Revenue : i assume i will have about 100$ for next month, so i
budgeting it, and what value should i enter ? 100 or -100 ?
Liability (Credit Card): i assume i will make a payment about 100$ a month,
so i need enter to budget 100 or -100 ?
Saving account : i want to save some money for my birthday party, and it's
take 100$ a month, so enter to Assets-saving 100 or -100 ?
Expense : i want to spend about 100$ a month to buy foods, so what value
should i enter ? 100 or -100 ?
*Example 2 :*
i assume that i want to reduced the balance of liability and income (because
both of them are credit to increase), so i budgeting -100 (mean i want to
debit - payment )a month for both. And look ! Booom ......
for Liability :
Budget : *-100*
Actual : 100
Diff : *-200*
for Income :
Budget : *-100*
Actual : 100
Diff : *200*
GnuCash Budget make me very confused, so please help me, or guide me (with
non-accounting explain). Thank you
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