GnuCash and Budgeting

Dennis devel at muhlesteins.com
Tue Sep 20 13:35:20 MDT 2005


Hans Fugal wrote:

>See Ross's comments, with the additional reason that taking stuff "out"
>of your bank account without really taking it out of your bank account
>makes statement reconciliation a pain (extraneous information).
>
>I think you also made a mistake:
>
>  
>
>>Balance:
>> Bank: $975 (equity $975)
>> Gas: $25 (gas bills $25)
>>
>>Net worth = Equity  (assets-liability)
>> $950 (Assuming no other bills :D )
>>    
>>
>
>That should be bank/equity: 950, gas/bills: 25, total 975
>  
>
You're right, I typed it too fast.  Calculated as I typed assumes that
you have to spend the othe $25 on gas.  So it's your ending amount, not
the current amount.

As for the budgeting abilities of GnuCash, that is why I switched back
to Quicken :)

-Dennis



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