Lauren writes:
> I'm not familliar with sinking funds, but what makes them a bit different
> from a book entry like depreciation (also somewhat virtual) is that they
> are happening with real accounts that need to be reconciled against an
> outside statement.
I don't see that. While the purpose of a sinking fund may be to pay off
some bonds in ten years and there may even exist a legal obligation to have
it, the funds being transferred to it now have nothing to do with any
outside statement.
A sinking fund to pay off some bonds is pretty much the same thing as
saving up to pay off the balloon payment on the morgage.
When you transfer funds to your "Savings Goal" or your "Sinking Fund" you
are transferring funds from one asset account to another. Just credit
'Cash' and debit 'Savings Goals:Honeymoon'.
--
John Hasler
[EMAIL PROTECTED] (John Hasler)
Dancing Horse Hill
Elmwood, WI
--
Gnucash Developer's List
To unsubscribe send empty email to: [EMAIL PROTECTED]
