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showing monthly savings in the budget

Posted: Sun Feb 10, 2008 3:34 pm
by maviszook
We'd like to put 5% of our income into a designated savings each month, which seems easy enough to do transferring money from the checking to the savings account and keeping track of it in the savings account via sub-account.

We'd like to show this in the budget. I'm wondering if I should also be showing this moving through income and expense accounts, or whether that would artificially inflate our income and expense numbers.

What is your opinion? Maybe I can somehow budget selected assets and show them?

Posted: Sat Feb 16, 2008 10:47 pm
by Matt
I would not show this transfer moving through the income and expense accounts for the reason you state. You can input a budgeted amount for an asset account using Maintain Chart of Accounts.

Posted: Sat Feb 16, 2008 11:30 pm
by maviszook
Thank you very much for your reply.