Creating "sub" accounts.

BPOCO · Joined: 27 Feb 2008 Posts: 1

Is it possible to create ..... what I call ..... "Sub-accounts". This is
best explained by an example. I have a certain percentage of my check
direct deposited into my savings account. The amount I deposit each
paycheck is meant to cover different expense categories I incur over the
year (e.g. car insurance bill, home insurance bill, home repair, etc). I
budget a certain amount each year for each of these items.

Today, I just see a single lump sum in my savings account. I'd like to be
able to easily determine in Money, what % of my savings is currently
available to ... say .... my home repairs.

I could create separate accounts for each expense category - and know that
the sum of those accounts equals my savings account - but, this prevents me
from automatically resolving my savings balance with downloads from my bank.

Is there a way Money can treat multiple accounts as the SAME account and
include them together when resolving the balance against a downloaded
statement from the bank?

BPOCO

Archived from group: microsoft>public>money

Steve · Joined: 22 Aug 2007 Posts: 102

=?Utf-8?B?QlBPQ08=?= wrote on 27 Feb
2008 in group microsoft.public.money:

> Is it possible to create ..... what I call ..... "Sub-accounts".
> This is best explained by an example. I have a certain percentage
> of my check direct deposited into my savings account. The amount I
> deposit each paycheck is meant to cover different expense categories
> I incur over the year (e.g. car insurance bill, home insurance bill,
> home repair, etc). I budget a certain amount each year for each of
> these items.
>
> Today, I just see a single lump sum in my savings account. I'd like
> to be able to easily determine in Money, what % of my savings is
> currently available to ... say .... my home repairs.
>
> I could create separate accounts for each expense category - and know
> that the sum of those accounts equals my savings account - but, this
> prevents me from automatically resolving my savings balance with
> downloads from my bank.
>
> Is there a way Money can treat multiple accounts as the SAME account
> and include them together when resolving the balance against a
> downloaded statement from the bank?

Short answer: No

Longer answer: Set up a workaround with a split deposit transaction and
appropriate Class or Classification entries. Create custom reports based
on the Class or Classification entries.

Best answer: Look at the budgeting features. They're not perfect, but
once you learn to use them, they'll meet this need.

--
Steve B.
New Life Home Improvement

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