That’s an interesting use of future dated transactions. Thanks!
Regards, Adrien > On Jan 26, 2018, at 5:21 PM, Tommy Trussell <tommy.truss...@gmail.com> wrote: > > I was following the budget discussion, and I decided to split my comment > into a different thread. I'm not responding to any particular comment, and > this isn't quite germane to budgeting. > > But I want to clear up a few misunderstandings I'm seeing folks express > about reconciling with sub-accounts. Subaccounts work very well, but they > do take a little maintenance. > > WHEN TO USE SUBACCOUNTS > > You can use subaccounts for several purposes, including budgeting, holding > onto money that isn't "yours" (a bond you're holding from a contractor for > successful completion of a project, for instance), identifying earmarked > funds, OR (as in the example below) simply stopping yourself from spending > down the account more than you'd like. > > (If folks have additional suggested uses for subaccounts, bring em on!) > > EXAMPLE: MINIMUM BALANCE VIEW > > Here's a real-world (well it's real in MY world) example -- avoiding > "minimum balance" fees. The bank name has been changed to protect the > bookkeeper. ;-) > > I have a checking account at BigBank. > > Assets:Current Assets:BigBank Checking > > The terms on that bank account say it doesn't cost me anything UNLESS the > balance drops below $2500, at which point I have to pay $8.50/month. (There > are some other miscellaneous fees, all higher when the balance goes low.) > > SO to help avoid the $8.50/month expense, I created a sub account: > > Assets:Current Assets:BigBank Checking:Minimum Balance > > Then I created a transaction dated 2/15/2015, transferring $2500 from the > account to its subaccount: > > (This is a representation of the BigBank Checking two-line auto-split > register. Items in the right column are "cr" and items in the left column > are "dr".) > > 2/15/2015 min Minimum Balance 2500.00cr > Assets:Current Assets:BigBank Checking:Minimum Balance $2500.00dr > Assets:Current Assets:BigBank Checking $2500.00cr > > When I reconciled my account the first time after creating this > transaction, I made sure to tick the "Include Subaccounts" checkbox on the > Reconcile Information dialog. I (as always) verified the ENDING balance > information exactly as it was shown on the bank's statement. > > Also that first time I reconciled, I noticed TWO items to clear that > weren't actually on the bank statement -- $2500 in the funds in side and > $2500 in the funds out side of the reconcile window. I marked them BOTH as > "cleared." > > From now on, I notice a few things have changed from before -- > > o - My default balance when I reconcile AND the running balance in the > BigBank Checking register will always show $2500 lower than I actually > have. > > o - When I reconcile I always have to remember to override the default and > enter the ENDING balance as it is shown on BigBank's statement. > > o - When I reconcile the "Include Subaccounts" checkbox is ticked and it > needs to stay ticked. (It seems to "remember" the setting from session to > session, as you would hope.) > > o - I also notice when I'm reconciling that when I "jump" to a transaction > by double-clicking on an item in the funds in / funds out lists, the > transaction opens into a different kind of "general ledger" style register > that includes ALL transactions in the account and subaccounts. It exactly > resembles the kind of register that appears when you search for > transactions. It has a "plus" (+) mark in its tab and looks different from > the "ordinary" register. > > > Obviously at any time I can "overspend" and the primary account balance > will go negative, with either dire or negligible real-world repercussions. > But if I ignore the red (negative) balance numbers and keep the balances in > the red, I've eliminated the reason for having the subaccount in the first > place. > > I can raise or lower the minumum balance at any time by creating another > transaction between the account and subaccount. > > > ----- >> 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 > 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. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org 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.