At Mon, 13 Mar 2023 23:55:05 +1000 Mort Q <mort...@gmail.com> wrote: > > Hi all > I act as Treasurer for a community organisation, and want to look for a way > that GnuCash can subdivide the money in the bank account into planned > expenses e.g. a few members do ongoing fund raising for equipment, so could > I make a sub-account of the bank account called "Equipment enhancement"? > When making a deposit, allocate that money to "Assets:Current Assets:Bank > Account:Equipment Enhancement" instead of the currently-used > "Assets:Current Assets:Bank Account". > > Currently, we just have the one account called "Bank Account" in the Assets > tree, and I keep a separate spreadsheet with the allocation break up. I > have to remember to do the extra work to keep the spreadsheet up to date. > In my previous life, I learnt that it was better to have a single point of > truth for data. > > I am thinking I will end up with an account tree like > Assets: > -Current Assets: > -Accounts Receivable > -Bank Account: (will still need this to be reported on for audits, > etc, as a single account) > -General Funds > -Equipment Enhancement > -Saved for something else > -etc > Does this make sense? Or am I missing something? > Or creating a nightmare that will come back and bite me when I try to do > reports, etc later? > > Clearly, I am not an accountant, and a self-taught GnuCash user.
Clearly :-). You are not fully understanding double-entry bookkeeping and how GnuCash works and is generally meant to be used. Yes, you can have sub-accounts under Bank Account, but probably should be looking at creating a budget. You should *also* create additional accounts for the various expenses and so on as well. > > Thanks > Mort > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > > > > -- Robert Heller -- Cell: 413-658-7953 GV: 978-633-5364 Deepwoods Software -- Custom Software Services http://www.deepsoft.com/ -- Linux Administration Services hel...@deepsoft.com -- Webhosting Services _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
