Thank you for the reply, Frank. To take the second half of your reply first, there won’t be many products. I used the word ‘product’ for illustration; in actual fact, these are product groups or types.
That said, your other suggestion, to treat shops as assets, is something I will look into. My accountancy knowledge is basic to say the least. I will attempt to find some reading material about this. Thank you for the suggestion. Kind wishes - Patrick On Fri, 3 May 2024 at 21:56, Frank Ciani <fci...@gmail.com> wrote: > This is where Tags would be great. There are some work arounds to 'fake ' > tags into existence, but they are cumbersome to use - my opinion. > > Shop A and Shop B aren't income/expense accounts. They're locations > comparable to assets. > > Why not setup asset accounts for Shop A and B. Then sales by product and > expenses would be debited/credited to the appropriate Shop account. Then > it would be easy to generate Shop A reports vs. Shop B. > > Your proposed hierarchies would necessitate a lot of duplicate > income/expense accounts which would become a nightmare to maintain. > > Another question is how many products do you plan to have? If it's only a > few, I think you'll be OK. If it's a lot, perhaps you need a product that > has an inventory capability. > > > On Fri, May 3, 2024, 7:57 AM Patrick Skelton <patrickskel...@gmail.com> > wrote: > >> Hi, >> >> I am about to structure a new set of accounts for a business. GnuCash uses >> a hierarchy, which I am currently trying to decide upon. Two >> part-hierarchies come to mind: >> >> *FIRST* >> >> Sales >> >> Shop A >> >> Product 1 >> >> Product 2 >> >> Shop B >> >> Product 1 >> >> Product 2 >> >> >> *SECOND* >> >> Sales >> >> Product 1 >> >> Shop A >> >> Shop B >> >> Product 2 >> >> Shop A >> >> Shop B >> >> >> The first would make it easy to see sales for each shop but harder to find >> out the sales for each product. The second would make it easy to see sales >> for each product but harder to find out the sales for each shop. >> >> Both of these seem like reasonable questions to be able to ask of the >> accounts. How do I choose which hierarchy to go with and is there any way >> I >> can answer both of these questions? >> >> Any advice would be most welcome as I am no accounting expert and have >> only >> basic knowledge of GnuCash. >> >> Kind wishes - Patrick >> _______________________________________________ >> gnucash-user mailing list >> gnucash-user@gnucash.org >> To update your subscription preferences or to unsubscribe: >> https://lists.gnucash.org/mailman/listinfo/gnucash-user >> ----- >> Please remember to CC this list on all your replies. >> You can do this by using Reply-To-List or Reply-All. >> > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
