Thanks Adrien, I have income and also make monthly withdrawal from an investment account. In the Budget I enter Income and Transfer say (-$1,000) from my Investment account and the Monthly Total in the Budget seems to be okay.
I want the Total to be the difference between net income and net expenses and I think it does that where on the Budget Spread Sheet it appears the Monthly Total = Income - Expenses -Transfers. I am not sure I really understand what is going on but it seems to give me the results for which I was looking. On Mon, Feb 5, 2018 at 4:42 PM, Adrien Monteleone < adrien.montele...@gmail.com> wrote: > So far my experience with the budget module is that the ‘Transfers’ > summary line is telling you about entries in asset and liability accounts. > Entries in expense and income accounts do not get summed in the ‘Transfers’ > line. (I don’t think Equity does either since Equity IS Income-Expenses) > > So if you budget 90% of one months income/revenue towards expenses and > then put 5% into a savings asset account and 5% as a payment (entered as a > negative) into a liability account, your transfers summary line would be > 10%. The payment of the liability would not be a budgeted expense but a > budgeted transfer. > > (the expense was recorded already when you assumed the liability) > > This is how you would budget a mortgage or car payment. You could also > budget payments on previous balances to consumer credit cards. (but you > would not budget payments on those cards for expenses in the same month > that you are budgeting for in their respective expense categories - that > would be budgeting the same thing twice) > > It gets tricky when you budget money into savings and then use some or all > of that at some point as a payment on a liability, while still socking some > away that month into savings. You have to enter the full payment (as a > negative) in the liability cell for that period, but then the difference > between the full amount you are taking out of savings and the amount you > are putting into savings into that month’s savings budget cell. If you had > $2000 of savings stored up and you wanted to plop that down as an extra > principle payment on a house note, but still put in $250 into your savings > account that month, you’re pulling a net $1750 out of the savings account. > So your savings cell that month would be -$1750 (you took out $2000, but > put $250 back in, you could also have taken only $1750 out, combined it > with the $250 in your pocket and used that to make the extra payment.) and > your mortgage liability cell would be -$2000. You just want to make sure > each period’s cell reflects the net change in the account balance at the > end of that period. > > Regards, > Adrien > > > On Feb 5, 2018, at 8:42 AM, Roger Miskowicz <rmisk...@gmail.com> wrote: > > > > I am curious as to what 'Transfer' means in the 'Budget'? > > > > On Mon, Feb 5, 2018 at 9:19 AM, Fran_3 via gnucash-user < > > gnucash-user@gnucash.org> wrote: > > > >> gnuCash Menue's offer: Actions -> Transfer > >> Which seems to allow a simple way to debit one account and credit > >> another... right? > >> if so isn't that the same functionality as what is called a "Journal > >> Entry" ? > >> Thanks. > >> > >> _______________________________________________ > >> gnucash-user mailing list > >> gnucash-user@gnucash.org > >> 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. > > _______________________________________________ > > gnucash-user mailing list > > gnucash-user@gnucash.org > > 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. > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > 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. > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org 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.
