Thanks-- but my problem is that I do not treat items from these equity accounts as expenses at all. In my former program it was called a "fund" account and I could move funds in and out of the equity accounts without affecting my monthly expenses. It was like an assets account but of course it just represented a designated portion of my assets. Since I cannot assign an opening balance to part of my equity account I am not sure this is something I can now do. For example, I write a check for a donation, credit my checking account and directly debit my tithe (equity) account. It does not show up as a monthly expense, although I transfer funds each month to the tithe (equity) fund by debiting what I am (possibly incorrectly) calling my accruals (expense) account. I divide up any profit/loss at the end of the month directly to my equity sub-accounts as credits, so my income always zeros out my expenses at the end of the month. I would sure like to figure out a way to do that in GnuCash. If I just treated my tithe, etc. accounts as expenses I do not see how I could keep a running balance. Maybe I will just have to do something different. Best regards, mgk Message: 3 Date: Wed, 5 Aug 2020 10:35:32 -0500 From: Adrien Monteleone <adrien.montele...@lusfiber.net> To: gnucash-u...@lists.gnucash.org Subject: Re: [GNC] help to set up equity sub-accounts opening balances Message-ID: <rgejk5$f3s$1...@ciao.gmane.io> Content-Type: text/plain; charset=utf-8; format=flowed
While you can make any account structure you want, there's no need to do so just for reporting purposes. Reports can show expenses (or anything else) monthly, yearly, for just a few days, or one day only if you like. Regards, Adrien On 8/4/20 10:07 AM, Marilyn Graves Kimple via gnucash-user wrote: > I have used double-entry bookkeeping although I am not trained. In the past I > have used what I called 'fund' accounts as sub-accounts for my equity > account: home maintenance, tithe, and emergency savings, for example. I > divide my 'profits' each month and accrue them through an expense account to > accounts which are part of my total equity. > The object is to keep a running total for expenses which are typically annual > rather than a month-by-month total. Can I do this with GnuCash? I think I > really need to do this. > Setting up my accounts initially I tried setting up sub-accounts under the > parent Equity, and then under the Equity sub-account Opening Balances, and it > only allows me to transfer to Open Balances in each case. The funds in my > assets/liabilities account are not transferable 1 to 1 to one of these other > accounts. > I may have to change the way I do things, but I would really appreciate help > with this.? mgk _______________________________________________ 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.
