New answers tagged double-entry
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In your example, Liabilities:Tithing is being used as a "reminder to self", of how much you need to give to meet your tithing target. Nothing really to do with transaction delays in this case, contrary to comments.
It's being increased with an unbalanced ("virtual") posting. This means it's not part of your double-entry accounts or the accounting equation, ...
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Your assertion entry fails to balance because it has just one regular posting. An unbalanced posting would work (parenthesise the account name).
I'm not sure exactly what's going on in your example, but here's an attempt at modeling a similar, complete scenario, with maximum correctness a la #1177.
2019-07-01 opening balances, add $10000 cash
assets:...
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Full disclosure, I'm not familiar with GnuCash, but I checked the website and it seems pretty straight forward:
First, create Bank/asset accounts for each of the savings accounts -- one for each child.
Next when you give them the allowance (I assume here it's a transfer from your account to their savings) the entry is to Debit (think deposit) into their ...
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