[GNC] How to enter value when budgeting? And meaning ?

Greg W allrightname at gmail.com
Tue Feb 18 15:00:31 EST 2020


Also worth mentioning that the budget planning screen is a little wonky in
v3.8 and it'd be better to use v3.7 or v3.9 when it comes out.

See https://bugs.gnucash.org/show_bug.cgi?id=797551.

Thanks,
Greg

On Tue, Feb 18, 2020 at 1:25 PM Adrien Monteleone <
adrien.monteleone at lusfiber.net> wrote:

> Note, for the curious, I’m aware there is a more direct and technically
> correct answer explaining the issue with negative signs, but it involves
> going over the Accounting Equation and how that is implemented using
> computers, which was not offered by explicit request.
>
> Regards,
> Adrien
>
> > On Feb 18, 2020 w8d49, at 1:19 PM, Adrien Monteleone <
> adrien.monteleone at lusfiber.net> wrote:
> >
> > Welcome to GnuCash!
> >
> > Yes, the Budget module is old and not always intuitive in how it works.
> >
> > For starters, what version of GnuCash are you using and on what
> operating system? (v3.8 is the newest)
> >
> > Older versions had some issues respecting your global preference for
> ‘reverse balanced accounts’. V3.8 should honor this appropriately.
> >
> > How you have this set will depend on how you enter figures in the budget
> module.
> >
> > Based on the results you provided it looks like you have the preference
> set to ‘Credit Accounts’, so most *all* of your accounts will normally show
> a positive balance.
> >
> > Therefore, change your budget entries from negative to positive for all
> accounts. Then you should see the differences work out properly.
> >
> > When budgeting, don’t think of your credits and debits, just think of
> the absolute (positive) value of the money moving around from income to
> expenses, assets, and liabilities. There may be times where you would need
> to enter negative budget value, but that would be very rare.
> >
> > Regards,
> > Adrien
> >
> >> On Feb 18, 2020 w8d49, at 8:01 AM, Long <Phamhoanglongvn at outlook.com>
> wrote:
> >>
> >> 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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