On Jul 23, 2015, at 00:34, Simão Mata <[email protected]> wrote: > > My first thought was to write a transaction from Assets:Checkings, where I > get my salary, to Liabilities:OwedTax but then Assets:Checkings no longer > matches the exact value I have on my online banking.
First, you definitely want Assets:Checking to match the actual checking account. Second, this is an incorrect use of a Liabilities account, which should almost always have a negative balance. What I do is write a transaction from Liabilities:OwedTaxes to Expenses:Taxes. Then when it comes time to actually pay taxes, the transaction goes from Assets:Checking to Liabilities:OwedTaxes which clears out the balance. You also mention that a certain part of your Checking account is unavailable to you because it is set aside for taxes. Rather than actually moving money to a separate account (either in your ledger or at your physical bank), you just add Assets + Liabilities (remember that Liabilities are negative in Ledger) to see what funds are not yet set aside to pay taxes (or other debts). Nathan -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
