On 2022-04-22 14:37, Brad wrote: > My question is regarding transfer of funds from one account to > another. I want to transfer funds from one account to another, but I > also want to track the transfer amount against an expense account so I > can keep track separately of how much I have transferred for different > reasons.
Welcome to GnuCash, Brad! There's a bit of a learning curve coming from Quicken or most other software, because in GnuCash you're doing double-entry bookkeeping, and most of the details are visible to you. Have you looked at the Tutorial and Concepts Guide (in the Help menu) yet, to help you with that learning curve? By "transfer funds from one account to another", do you mean transfer from one bank account (or cash, money market, etc) to another? Is this a matter of segregating funds that you expect to spend for a large future expense, such as a vacation or a new furnace? I'm going to assume both of those are yes, but if I've guessed wrong please follow up with more details and perhaps an example of what you're trying to do. By the way, this isn't really a GnuCash problem, but an accounting problem. Your chart of accounts should be structured to let you aggregate information in the ways that you want. It would be no different if you were keeping our books in a big ledger with pen and ink. If you have some sort of bank account in which you're accumulating funds against a large future expense, you'd probably want to name that account in GnuCash as "Assets:Banks:Savings for Vacation" or similar. when you transfer money from your regular everyday bank account, your transaction would look like this: Debit: Assets:Banks:Savings for Vacation Credit:Assets:Banks:Regular Checking As for tracking against expenses, no expense is created by this account transfer. Why? Because even though you may presently intend to use these funds for a particular future expense, you haven't actually spent them yet, and you could change your mind before you do. When you start spending out of the vacation account, _that's_ when you have an expense, and your transactions would look like this: Debit: Expenses:Vacations Credit:Assets:Banks:Savings for Vacation -- Stan Brown Tehachapi, CA, USA https://BrownMath.com _______________________________________________ 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.
