To continue on Dale’s notes:

Regardless of the real-world treatment of the funds, you can create a 
sub-account in GnuCash under your bank account and treat the funds as 
segregated. That will also make reporting easier as you might not need to use a 
tagging system, but you might still find tagging useful for some other 
dimension of categorization. (maybe you want tag transactions as ‘payroll’, 
‘utilities’, etc.)

Regards,
Adrien

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