On Fri, Jul 7, 2017 at 1:54 PM, Paul Leniston <paullenis...@hotmail.com> wrote:
> I have just downloaded gnucash and am a little confused. > > > I have two bank accounts, one in UK and one in Spain. Do I need a > differrent common account for each one? > > > In the UK bank I have three accounts. There is a current account, a > deposit account and a credit card account. Do I need a different common > account for each one. > > > Finally I have two long term savings accounts at different banks. Do I > need a different common account for each one? > > > thanks in advance > > > Paul The usual way to handle this is to have a root level account, Assets, which is a parent of these accounts. It may also be helpful to you for reporting purposes to create a subaccount of Assets named Current where you can put your "current" assets. The credit card is not as asset since it accumulates debt (liabilities), so it should not be found under the Assets root level account. You will likely create another root level account, Liabilities, and again might consider creating a subaccount thereof, Current, for your "current" liabilities. So, something like this: Assets | ---Current | --- UK Chequing --- UK Saving --- Spain Savings Liabilities | ---Current | --- UK Credit Card _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org 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.
