[GNC] Fwd: Fund management without an actual account
Alan Johnson
alan at argentwolf.org
Tue Aug 6 01:23:52 EDT 2024
Daniel,
I would suggest that you use the second savings account and it would help with the over spending.
I think it would look something like this, please forgive formatting as I'm on mobile, but you should get the idea.
Checking debit 10k / salary credit 10k
Credit checking 1k / debit savings2 1k
Credit savings2 500 / debit vacationfund [subaccount] 500
Credit savings2 500 / debit toyfund [subaccount] 500
Need money back in checking to spend?
Debit savings2 300 / credit vacationfund 100 credit toyfund 200
Credit savings2 300 / debit checking 300
Your roll up of savings 2 in the accounts list will tell you the amount which should match the savings statement. There should also, in theory, be a very few transactions to reconcile, and it keeps the checking account clean.
Alan
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