On Mon, 5 Aug 2024 13:27:22 +1200
Daniel Sheffield wrote:
> Hi,
>
> I'm using gnucash to manage my personal finances. It's great for
> tracking my expenses and I can even forecast short-term (a few
> months) but schedule transactions in advance for big ticket items and
> other regular expenses (
Thanks Chris,
This is a neat way to do it too.
I like that it reflects net worth accurately (reducing asset artificially
should work out same as reducing equity artificially).
I think my only concern is the expense account doesn't reflect reality.
Also cash flow (delta of asset accounts) will be
Hi Daniel,
As Treasurer of our church, I do something very similar.
This is how it works:
- A parent asset acct 1120 is called "Checking acct after reserves"
- a child acct 1121 is called "Checking acct"
- another child acct 1122 called "Reserve for property tax"
- another child acct 1123 call
Hi Daniel,
I apologize if this is a duplicate - I sent it yesterday, but I didn't
see it show up in the subsequent emails.
This is similar to the "liability" approach. But it works better in my
case because all the numbers I (and others) want to see are grouped
together in the assets section of
I would suggest a sub account under your bank account, which will have the
effect of reducing your available cash balance, so you don't spend it.
If you need to spend it, then you can transfer from assetts:savings:vacation to
assetts:checking to spend it.
Also, you could open another savings ac
Hi Andrew, Thanks for your reply.
You recommendation happens to be how I achieved it so far too - but it has
a few issues with reporting:
* The phony asset and liability cancel each other out, so no net effect
(make sense)
* Until I make the corresponding expense I would like the fact I "owe
mone
Hi Daniel
I’ve understood that you want to allocate some of your bank balance(s) to
savings goal(s) and then have a "balance available" after setting the money
aside. It is a question I’ve asked myself if the past and you prompted me to
work out how I could to do it.
I’m no Gnucash expert an
