Maf, Exactly—the bank shows our actual lump asset, but we care about the movement of these ‘earmarked’ funds and keep them in our reports, so we know at a glance how much spendable money in the bank we actually have, as opposed to what the bank statment gives as our balance.
Anita > On 18 May 2017, at 5:49 PM, Maf. King <[email protected]> wrote: > > On Thursday, 18 May 2017 15:39:59 BST you wrote: >> Maf, I forgot to mention an important thing: I am not moving money from the >> bank, I am keeping it in the GC account tree along with cash, current, >> savings accounts, so one would only know about these funds that are set >> aside by looking at the GC accounts, not by looking at the bank statement. >> It initially comes in as a contribution, and so I would put the >> contribution in the asset subaccount, as an earmarked account, and then >> spend that balance down to zero in the expense account. Is that right? >> > > Yes. your GC bank account can have sub-accounts - virtual "pots" of money > that only show up if you look at GC. The bank thinks you have 1 "big" > account, you think in terms of several mini accounts within the main bank > account that keep your reserved totals easy to find... > > Maf. > _______________________________________________ gnucash-user mailing list [email protected] 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.
