On 8/7/2020 9:14 AM, D. via gnucash-user wrote:
Marilyn,
Part of your problem, I think, is based on a misunderstanding of terminology. You keep referring to
these virtual amounts as "Equity" when really they are *Assets*. In the gnucash world,
these funds should be placed as Assets accounts. That you have set them aside in your mind as
"not-assets" doesn't change this fact.
It's a confusion about what is meant by "assets", "liabilities", and
"equity".
Marilyn, go back to the start.
IGNORE what you see you can or cannot do with gnucash's "opening
wizard", because that's not relevant << you could do it the old
fashioned way with separate transactions; create the CoA with all
accounts at zero and then enter the transaction(s). Whatever you could
have done pen and ink on paper you can do with gnucash.
Instead of asking HOW, describe WHAT you are trying to do. For example,
"I want to create/track "reserves" or "restrictions" on funds. Thus even
though you are wanting "personal" books you might want to look at the
discussions that have been taking place on this list about how to deal
with "restricted funds" such as non-profit organizations often have to
deal with.
The usual place to track restrictions on money that is actually in an
asset account < doesn't have its own separate bank account > is under
"liabilities". Thus while the money is actually in your bank account,
you could put a "reserved funds" child under liabilities and under that
"education funds", etc. Then you can think "while the money IS in my
bank account it is owed to educations funds".
Michael D Novack
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