[moneydance] A charity account

[Michael Casteel]

On 10/30/07, Yehudit Winiarz <ym.design1 at gmail.com> wrote:
> Mike,
>
> Thanks, I think I understand the basics of what you are telling me. I
> didn't completely get what you meant by "the common practice of
> recording business expenses against an 'accounts payable' liability"
> (I will google and try to figure it out). Additionally, I have a
> question about the functionality of the charity/future category (it
> won't be reflected correctly when I use the direct payment from
> checking to liability option - I like simplicity) Should I then ignore
> it at that point?

Yes, if you enter payments from charity/checking as direct transfers
to the charity/liability, the charity/future category simply shows the
cumulative amount that you have transferred from your normal checking
account to charity/checking. It's just a bucket for numbers you use to
track the liability. With double-entry accounting software like MD,
you have to put the numbers somewhere.
-- 
Mike Casteel                                        Seattle, WA