[Kmymoney-devel] [Bug 310731] KMyMoney does not allow use of Equity accounts (with "Show Equity Accounts" option checked)

[Alvaro Soliverez]

Hello David,
Why don't you use a yearly budget for this case?
I guess you've tried but for some reason didn't find it good enough.

Regards,
Alvaro

On Sun, Mar 2, 2014 at 10:14 AM, David Naylor <naylor.b.david at gmail.com> wrote:
> Hi,
>
> To follow up on this bug, let me explain what I am trying to achieve:
>
> In recognition that some expenses are periodic, unpredictable, but budgetable
> I specify a single month budget value in December, and when I incur those
> expenses more a matching amount from the budget in December to the month where
> the actual expense occurred.  For example:
>
> Initially I have
>         Budget:
>                 ZAR2000 December
>
> Then, I have some expenses:
>         Expenses:
>                 ZAR500 March
>
> I then change my budget to:
>         Budget:
>                 ZAR500 March
>                 ZAR1500 December
>
> To have the above automated would be great.
>
> However, the bug report I filed was relating to this, except I recognise that
> some expenses are too important to have a "soft" allocation, that they need a
> "hard" allocation.  I do this by creating a liability - a reserve account - to
> recognise that some the assets I have are actually for unpaid (un-incurred)
> expenses.  This is similar in concept to an insurance reserve.  Every month I
> have an expense coming off the liability (increasing it) and when actual
> expenses occur I have an offsetting entry decreasing the reserve.
>
> This way, my income and expense statement and my budget remains stable despite
> some erratic expenses.
>
> The one technically wrong aspect about how I have KMyMoney handling the above
> is that the reserve liability accounts are in fact equity and not liabilities.
> To be most correct I should move these accounts to under equity.
>
> I do recognise the above is more of a corporate approach to personal finance
> than what most people will handle their accounts so I ask here for some
> comments, and if the above is deemed beyond the scope of KMyMoney I'll close
> my bug :-).
>
> (Also, it would be great if the above could be automated.  Does KMyMoney have
> a plug-in interface that could handle the above?)
>
> Regards,
>
> David
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