<p dir="ltr">Hooray!!!!!<br>
*This* is exactly what I was talking about when I mentioned use cases. I think that many users, specially novice ones, would get a lot of benefit from this kind of exemple. We need more of this stuff. As much as possible.</p>
<p dir="ltr">Thank you, Michael<br>
Best regards,<br>
João</p>
<div class="gmail_quote">Em 09/10/2014 10:53, "Michael Berger" <<a href="mailto:idest@online.de">idest@online.de</a>> escreveu:<br type="attribution"><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div text="#000000" bgcolor="#FFFFFF">
<div>Hi Joao,<br>
yes, you can have as many accounts as you need under assets and
under liabilities as well.<br>
Any transactions there can be deposits and/or withdrawals.<br>
The main information available to you at this stage would then be:<br>
- the amount of each transaction be it income or expenditure<br>
- the balance of each account (for a chosen period of time)<br>
- the Grand Total, i. e. the difference between income and
expenditure (for that period)<br>
- the payee (people who sent you money or received money from
you).<br>
<br>
Now, you may be satisfied with this. However, that information is
far from being complete, in fact it is rather poor.<br>
<br>
Best is to city an example:<br>
I have a son who is heading for his Master in Linguistic in
another City.<br>
His monthly expenses run up to something between €750 and €900 and
I have to make sure he is not running out of money.<br>
Of course, a transaction may also be split and each split be given
a different category!<br>
As a millionaire I would probably not care how much he spends and
what for.<br>
But as a pensioner I want to know exactly where (my) money goes.<br>
Here is where the <b>categories</b> come in very handy!<br>
<br>
My sons bank account could be "Giro Mike" and every transaction
entered there would be assigned to one of below categories.<br>
<br>
This is how the category-structure of my son's income could look:<br>
<font color="#009900">Mike<br>
Earnings from jobs<br>
Earnings from coaching<br>
Guitar and Piano<br>
Mathematics and Latin<br>
Erasmus scheme<br>
Money presents<br>
in EURO<br>
in USD<br>
Returns of money borrowed to friends<br>
..etc, etc.</font><br>
<br>
And this is how the category-structure of his expenditures could
possibly look:<br>
<font color="#cc0000">Mike<br>
Clothing<br>
Computer stuff<br>
hardware<br>
software<br>
Traveling home<br>
Food<br>
Master in Leipzig<br>
Furniture<br>
Room rental<br>
Phone and Internet<br>
Equipment and installations<br>
Traveling in Leipzig<br>
Learning materials and books<br>
Parties and pubs<br>
Other nonsense<br>
College tuition/fees<br>
Interest for KfW-Credit<br>
..etc, etc.</font><br>
<br>
So, if the category "parties and pubs" produces a red balance in
his bank account "Giro Mike" I will most probably be forced to
take some immediate action.<br>
<br>
The power of categorizing transactions becomes especially obvious
when printing reports. It is essential for controlling purposes.<br>
<br>
Hope I understood your needs. If not - just ask.<br>
<br>
Michael<br>
<br>
<br>
On 10/08/2014 06:25 PM, Joao Roscoe wrote:<br>
</div>
<blockquote type="cite">
<div dir="ltr">Dear Srs,
<div><br>
</div>
<div>I'm a kmymoney beginner, trying to figure out the
accounts/categories/tags setup that would best fit my needs,
and I'm in need of some guidance.</div>
<div>In gnucash everything is an account, while in kmymoney we
have three different ways to classify transactions. While tags
are distinct in the way that it will be possible to attach
more than one tag to a single transaction, the difference
between accounts and categories is not clear for me, so far. I
could, for instance, have two accounts under liabilities -
bills and loans - and several accounts under bills, for
instance cellphone, utility and gym membership. I could also
have all those as categories, and have all transactions in
single checkings account. What would be the sensible approach?</div>
<div><br>
</div>
<div>Best regards,</div>
<div>Joao</div>
</div>
<br>
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