GnuCash and Budgeting
shane at hathawaymix.org
Tue Sep 20 01:23:21 MDT 2005
Jordan Gunderson wrote:
> Ross Werner wrote:
>> Now, what I *could* do is set up all my budget "earmarked" categories
>> as actuall GnuCash accounts, and instead of putting money into the
>> "Checking Account" when I get paid, divvy them up into these different
>> accounts. However, that makes reconciling the books a pain in the butt
>> because I'll have to add up all my assets and then add up all my
>> "earmarked" categories and make sure they match, and if they don't,
>> good luck trying to find which category has money missing and why.
> I may just completely misunderstand what you are trying to do, but it
> seems like you could just add subaccounts to your Gnucash checking
> account to accomplish exactly this. Instead of putting your money
> straight into checking, you put 5 dollars into checking-->groceries, etc.
> Viewing the checking account shows an aggregate of all the transactions
> made in subaccounts. You can also view subaccounts individually to
> verify that, of all your money in checking, you still have $2 left for
> computer stuff.
Yep, Gnucash uses the term "account" as loosely as accountants do. To
Gnucash, an account is a lighter weight concept than a bank account.
Anything that maintains a balance is an account.
FWIW, my wife used Gnucash for two years before its UI quirks finally
drove her to KMyMoney 0.8. She's happier now. You might check it out.
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