Hi Richard, thanks for your reply. Alan had a similar suggestion. Since I forgot to cc the mailing list in my response to Alan, I'll include it here in case it is helpful to someone reading the mail archive.
Thanks for all the input, Daniel -- In the beginning Kibo created the Internet. Now the Internet was formless, and empty. Randomness was upon the face of computing, and the Spirit of ARPA moved upon the face of the computers. Then Kibo said, "Let there be data": and there was data. Kibo saw the data, and it was good, so Kibo divided the data from the randomness, and Kibo named the data Information, and the randomness Clueless. And the Information and the Clueless were the first Network. ---------- Forwarded message --------- From: Daniel Sheffield <d.j.yo...@gmail.com> Date: Tue, Aug 6, 2024 at 5:02 PM Subject: Re: [GNC] Fund management without an actual account To: Alan Johnson <a...@argentwolf.org> Hi Alan, thanks for your reply. I did briefly try this approach, and there are a few difficulties I faced: * reconciling the parent account with my actual bank statement is not as easy as the register has transactions that never happened (but I can use transaction report as a work-around) * overspending the fund is confusing again as I have to do a reversing transaction of equal value from the child account to the parent for each expense corresponding to the fund. When overspending the fund (child goes negative) - it *looks* like money comes out of nowhere if I'm just looking at the parent account.... the more I overspend the better, lol! Net effect is zero of course, but it's just confusing to give account to my wife * opening a real account at my bank will of course work. I want to avoid this though as I can offset my home loan with my savings if they are in my main account (I'm in NZ and have part floating and part fixed mortgage which is common practice here). Some banks let you offset your mortgage with all your assets you hold with them (I think) but mine doesn't. But I really like your idea of a real savings account to make the bookkeeping easier but multiple sub-accounts.... I hadn't thought of that before. I suppose reconciling that account balance with all the sub-accounts could be tricky again though? But this is solvable with the Transaction Report. Nice idea! I guess the overspending is not-uncommon for me as, say I put away $100 a week for travel, I could buy flights at beginning or mid-way or end-of-year without exceeding the yearly budget but briefly exceeding the current savings depending when I actually expense it. As I have a lot of equity, this is not usually a problem (so long as I can report on it). I appreciate all the input, Daniel -- In the beginning Kibo created the Internet. Now the Internet was formless, and empty. Randomness was upon the face of computing, and the Spirit of ARPA moved upon the face of the computers. Then Kibo said, "Let there be data": and there was data. Kibo saw the data, and it was good, so Kibo divided the data from the randomness, and Kibo named the data Information, and the randomness Clueless. And the Information and the Clueless were the first Network. On Tue, Aug 6, 2024 at 4:42 PM Alan Johnson via gnucash-user < gnucash-user@gnucash.org> wrote: > I would suggest a sub account under your bank account, which will have the > effect of reducing your available cash balance, so you don't spend it. > > If you need to spend it, then you can transfer from > assetts:savings:vacation to assetts:checking to spend it. > > Also, you could open another savings account at your bank to save / lay > away for things. While you would have a single account at the bank, sub > accounts in gnucash could track this savings account easily, do to the few > transactions it will have, and not confuse the bookkeeping in the checking > account which will have more transactions. > > This would also report correctly in your various reports. > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > 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 To update your subscription preferences or to unsubscribe: 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.
