The issue I am wrestling with is how to deal with what I will call designated funds that our organization tracks internally but are just part of the one checking account.
To explain further. Say there is a total checking balance of $1000.00. Then say there are two standing funds one with $200.00 and the other with $400.00. Conceptually I have: Fund A $200.00 Fund B $400.00 Undesignated $400.00 Total (as the bank statement shows) $1000.00 As deposits and withdrawals are made, in order to keep sync with the bank statement I should just work with the running account total at all times. Initially, I thought I should create and transfer funds to additional Assets accounts, but this doesn't work, as I see it, especially for reconciliations as the checking balance gets reduced accordingly. If I don't track the bank account closely, I'll go insane! I guess the standing funds will need to be tracked outside of GNU Cash, perhaps in a spreadsheet. Their balances will change throughout the year but not so often as to make this method unmanageable. The outgoing Treasurer used Quicken/Quick Books (whichever, I don't know) and he gave me several .qdf-backup files which are naturally not usable by GNU Cash. I'm not sure if he understood my request for an export to .qif. I'm loathe to buy a Windows 10 computer just for this so I'm starting from scratch to get going as quickly as possible and then may try to help him generate a .qif file sometime down the road. I'm not sure how he tracked the standing/designated balances. - Nate -- "The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true." Web: https://www.n0nb.us Projects: https://github.com/N0NB GPG fingerprint: 82D6 4F6B 0E67 CD41 F689 BBA6 FB2C 5130 D55A 8819
signature.asc
Description: PGP signature
_______________________________________________ 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.