GnuCash and Budgeting

Shane Hathaway shane at
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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