[moneydance] A charity account
Yehudit Winiarz
ym.design1 at gmail.com
Sun Oct 28 23:13:47 EST 2007
Hi Everyone,
I am running into a rut trying to figure out an efficient way to handle the
following situation and hope that one of the brilliant members of this group
can shed some light on this matter.
I have a charity account which comes (in both scheduled and non scheduled
increments) from a portion of my earnings. This is a separate bank account
with it's own checks, etc.
I do not want this amount reflected in my net worth amount. I have a bank
account labeled "charity" (#1) a category labeled "Charity" (#2) and in an
attempt to solve the situation, have created a liability account labeled
"CHARITY" (#3). When I transfer funds from my checking they go into the
"charity" (#1) bank account. When I write checks, they either go into the
Charity (#2) or CHARITY (#3) category/liability. I have not figured a way to
correctly reflect my deposits into the charity bank account as an
increasein liability. Which category/account should it be listed under
to reflect
the true situation? Or, alternatively, is there a better and clearer way of
setting this up? And on second thought, I don't really know if I even need a
charity category (maybe just for tax purposes, but I have already set up a
Transaction Tag labeled "Tax Deductible" for such situations).
Any help on this would be tremendously appreciated.
All the best,
Yehudit
--
The entire purpose of our existence is to overcome our negative habits.
- Vilna Gaon, Commentary to Mishlei 4:13
More information about the moneydance-info
mailing list