On 06/28/2018 10:02 PM, DaveC49 wrote:
> Hi Stephen,
>
> I agree with your wife about not including the Income Statement inside a
> Balance Sheet. These serve different functions and it just makes a Balance
> Sheet more complicated than necessary. From an accounting perspective you
> should be able to evaluate a balance sheet fairly quickly and having a
> fairly uniform layout means comparison of balance sheets for different
> entities is much easier, which is the rational for trying to get the IFRS
> standards adopted world wide. My personal preference is for simple reports
> which meet one specific objective well and clearly.
>
> As I explained in a post to John, I don't necessarily require GnuCash to
> impose parent placholder accounts not to have transactions into them
> specifically, but it would be a nice feature to have an option to make
> adherence strict if the user requires it. It may however require
> considerable code mods to achieve that and I can achieve that by just
> removing any transactions which target an account i make a placeholder to a
> sub-account or another account. More difficult of course if you have a large
> number of such transactions. A lot of people use GnuCash for a lot of
> functions other than formal accounting so as David T pointed out some people
> use the placholder readonly functionality to meet other requirements. I
> can't think of a specific case but I am all for retaining as much
> flexibility in GnuCash as possible.  It may be just better documentation fof
> the Placholder setting may achieve that.
>
> Cheers
>
> David
>

It would be nice if there was a system wide preference flag (like the
current Trading Accounts setting) that a user could turn on that would
enforce that behavior. 

But, as you said, an individual can do the work to enforce it them-self.

Another question, do you set only the five top level accounts (Asset,
Expense, Equity (or Capital), Income and Expense) or do you have
multiple top level accounts in each of the designated types?

That is, do you do:
Assets  (asset type)
    Bank (bank type)
      Checking (bank)
      Savings (bank)
      etc
    Cash (cash)
    Home (asset)

Or,

Bank (asset)
   Checking (bank)
   Savings (bank)
   etc
Cash (asset)
Home (asset)

The first gives one top level Asset account, the second gives three top
level Asset accounts.

--Steve
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