The GUI makes it a bit difficult and I think Liquid Ledger might be easier as you can drag and drop transactions, but there's no sub-accounts. That all may seem a bit complicated but its quite easy once you practise it a bit. If I run out of money and need to tap into the main Bank account for funds then I have an argument with the wife.įor verification, on the home page, the total balance of the main account and all the sub-accounts should equal the balance in your bank. On the home page you can see which you've went over as those accounts will go red as the expenses are more than the allocation.Īt the end of each fortnight before I do allocations I move cash around by using "extra fund" transactions from envelopes that are in the blue to ones that are in the red. This funds all my envelopes for the fornight.īack in the main account I Batch-Account Move all the expense transactions into the correct Bank-Expense sub-accounts. Inside the Salary sub-account I create "fund" transactions that transfer the allocated amount into the correct envelope sub-accounts. I have an Oo spreadsheet where I track what my allocations for each envelope per pay is. We then have an Salary envelope with our wages in it. Rightclick the salary transactions and do "Batch->Account Move" then choose the "Bank:Salary" account (not the Salary category).We now need to move the amounts into the correct envelopes starting with income. Assign the transactions to the correct expense and income categories.Import latest transactions as a QIF file into the "Bank" account.You're asset accounts would look like this So if you have expenses and an income like this Under your main bank account create sub accounts that match your expenses and income.
Create normal expense categories and an income category.This will work in almost any standard finance application. Its quite simple to do but a little awkward to actually use.
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