8 results found
An error occurred while saving the commenthelix7 commented
The existing budget tool cannot do zero-sum budgeting at all -- there is no way to ensure that you are not budgeting more than you make and/or have (other than constantly manually summing the values).
Currently, I am using the work-around suggested by Bob Brush. Basically, I have to consider only two categories of accounts: those which consider debits positive, and those which consider credits positive. Asset, Bank, Cash, A/R, etc. are debit; Liability, Credit Card, and A/P are credit. Fortunately, all of those accounts can be mixed as subaccounts. Income, Expense, and Equity (and others) are very restrictive on their subaccount types, though.
So, I record my "assets" in a debit account and it turns out that almost everything else uses a credit account type. For example, I am using the Liability type for both "income" and "expense" subaccounts. This orients the totals correctly (black/red) but makes the labels confusing, so I have had to switch to using the formal accounting labels. As far as I can tell, all of the debit types are equivalent and all of the credit types are equivalent other than their labels in the register. Using formal labels makes them exactly equivalent. So, now, I am only using the Asset and Liability account types.
I tried using Income and Expense accounts since they can be mixed, but they are both credit types, so "assets" all end up with red balances. I don't understand why the account types can't be mixed. Maybe some reports care about the account type? If so, this workaround cripples reporting.helix7 shared this idea ·
Unfortunately the code implementing this feature eventually never made it into the official releases. So I’m reopening this feature request.
An error occurred while saving the comment
Concurrent multi-user support has been part of our long-term goals for a while now:
Time to update the status of this feature request…
Note it still says “long-term”, which currently means several years ahead of us.