:-) you missed one of the previous posts. Using Liability accounts that way is adding anoter "layer" of accounting to your system. When you look at what liabilities really are, Adrien and I concluded on this thread that this situation (segmenting money for future) is really using a separate asset account. After all - creating a liability INCREASES your cash available. However, shifting it to another asset account (either sub-account or completely different area) reduces cash available AND allows you to record the increasing amount you have segmented. If I get a chance, I think I'll type all this up with some examples (it is easier to show with exampes).
Thanks and regards, Matt -------- Original message -------- From: Mike or Penny Novack <stepbystepf...@dialup4less.com> Date: 29/1/18 00:51 (GMT+10:00) To: gnucash-user@gnucash.org Subject: Re: Subaccounts [WAS Re: Future allocated money vs Budgets] On 1/27/2018 10:25 PM, Matt Graham wrote: > Nice! It seems like we are getting somewhere. I am convinced that the process > we think of budgeting where we are saving up for something is really a case > of segmenting money within a sub-account. And it looks like Gnucash is > already happy with this kind of situation - with the include sub-accounts in > the recociliation window. Not exactly. This is a case where the term "budgeting" is being used in different ways meaning different things. Budgets my be legal (organizations, government entities) or advisory (personal, business) though of course businesses might have requirements to set aside funds << might be in the terms of a loan, etc. >> ONE way of doing this is with liability accounts (typical -- account for amounts needed for taxes) but that method can also be used for "reserve funds" << I deal mainly with non-profits where "restricted funds" are common >> Note that partitioning of a checking account in this way earlier described is still just "advisory" as it would NOT prevent you from writing a check for more than the balance remaining in the unrestricted portion of the account. Just you can't do that without seeing that you are doing it. Michael D Novack _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Flists.gnucash.org%2Fmailman%2Flistinfo%2Fgnucash-user&data=02%7C01%7C%7Cd653d44ededf436304a408d566563154%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C636527442736383577&sdata=2IRNnuUZ4u9Vu%2FEryYTBw6QSBfRJOx8OV0%2FBBYbZn%2BM%3D&reserved=0 If you are using Nabble or Gmane, please see https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwiki.gnucash.org%2Fwiki%2FMailing_Lists&data=02%7C01%7C%7Cd653d44ededf436304a408d566563154%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C636527442736383577&sdata=sveoJ58ma1r3tnK4q1zqT5IuppYFxRlvmnJQrOj7g8E%3D&reserved=0 for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
