[Kmymoney] Needing some guidance about accounts x categories x tags

[Joao Roscoe]

Hooray!!!!!
*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.

Thank you, Michael
Best regards,
João
Em 09/10/2014 10:53, "Michael Berger" <idest at online.de> escreveu:

>  Hi Joao,
> yes, you can have as many accounts as you need under assets and under
> liabilities as well.
> Any transactions there can be deposits and/or withdrawals.
> The main information available to you at this stage would then be:
> - the amount of each transaction be it income or expenditure
> - the balance of each account (for a chosen period of time)
> - the Grand Total, i. e. the difference between income and expenditure
> (for that period)
> - the payee (people who sent you money or received money from you).
>
> Now, you may be satisfied with this. However, that information is far from
> being complete, in fact it is rather poor.
>
> Best is to city an example:
> I have a son who is heading for his Master in Linguistic in another City.
> His monthly expenses run up to something between €750 and €900 and I have
> to make sure he is not running out of money.
> Of course, a transaction may also be split and each split be given a
> different category!
> As a millionaire I would probably not care how much he spends and what for.
> But as a pensioner I want to know exactly where (my) money goes.
> Here is where the *categories* come in very handy!
>
> My sons bank account could be "Giro Mike" and every transaction entered
> there would be assigned to one of below categories.
>
> This is how the category-structure of my son's income could look:
> Mike
>     Earnings from jobs
>     Earnings from coaching
>         Guitar and Piano
>         Mathematics and Latin
>     Erasmus scheme
>     Money presents
>               in EURO
>               in USD
>     Returns of money borrowed to friends
> ..etc, etc.
>
> And this is how the category-structure of his expenditures could possibly
> look:
> Mike
>     Clothing
>     Computer stuff
>         hardware
>         software
>     Traveling home
>     Food
>     Master in Leipzig
>         Furniture
>         Room rental
>         Phone and Internet
>         Equipment and installations
>         Traveling in Leipzig
>         Learning materials and books
>         Parties and pubs
>         Other nonsense
>         College tuition/fees
>         Interest for KfW-Credit
>     ..etc, etc.
>
> 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.
>
> The power of categorizing transactions becomes especially obvious when
> printing reports. It is essential for controlling purposes.
>
> Hope I understood your needs. If not -  just ask.
>
> Michael
>
>
> On 10/08/2014 06:25 PM, Joao Roscoe wrote:
>
> Dear Srs,
>
>  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.
> 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?
>
>  Best regards,
> Joao
>
>
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