Okay, I’ve watched the video. I think he’s confusing what double-entry is here and its purpose.
That isn’t really necessary when working with budgets. It is necessary (and forced) when entering actual transactions. Also, note that transfers do not decrease by his expenses. He’s put the *excess* income after expenses into the checking account asset. If he added another expense here, the transfer line would not change, but the total would now be negative and he’d have to reduce the amount budgeted to checking. I would start either with planned income or planned expenses, then you’ll see where the other needs to be and adjust accordingly. If you have some transaction history, GnuCash has an estimating feature when you create a budget to populate values based on averages of that previous data. Use assets for savings or investments and liabilities for loan payments. Yes, the end goal is have a zero total (zero-sum budgeting) but you don’t have to if you don’t want to. So to sum up: The total of all budget entries under Income appear in the summary as Income The total of all budget entries under Expenses appear in the summary as Expenses The NET of all budget entries under Assets AND Liabilities AND Equity appear in the summary as Transfers The sum of all of these are the “Total” in the summary. (which depending on your budget method/goals, may or may not need to be zero when you are done) Regards, Adrien > On Jan 22, 2019, at 9:31 PM, Lorrie Laskey <[email protected]> wrote: > > https://www.youtube.com/watch?v=_PMz7SMt68E _______________________________________________ gnucash-user mailing list [email protected] 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.
