Gal,
I use the first method and you've maybe come across threads here where I
recommend it.
The biggest advantage is keeping the Chart of Accounts simple. Depending
on your needs, creating new hierarchies can get unwieldy very quickly.
Method 1, also simplifies reporting. If you need a special report
filtered to tags, you can get that, but otherwise, you don't have to do
anything special for standard reports.
The downside to Method 1 (and current advantage to Method 2) is not
every report has the filtering option necessary to utilize it fully. As
far as I know, this is limited to the Transaction Report. Thus, you
can't use Method 1 for Balance Sheets or Income Statements. These would
be most useful in the case of evaluating performance of separate rental
properties, or long-term job profitability.
Without implementing a separate feature just for additional dimensions
of classification, adding the filtering option to the Income Statement
and Balance Sheet (if not all reports) would allow users to tag as they
see fit and craft needed reports with ease.
Regards,
Adrien
On 11/7/20 3:49 PM, Gal wrote:
The most requested feature in gnucash is to have transaction classification,
also known as tags / dimensions / categories / classes
https://gnucash.uservoice.com/forums/101223-feature-request/suggestions/1543027-transaction-classifications
Say I spend 100€ at a restaurant during a vacation in Italy.
The obvious transaction is a 100€ credit to checking account and 100€ debit
to Expenses:Eating out
But I would also like to be able to track the vacation expenses, so I have
to classify all transactions took place during the vacation, for example
with a #italy2020 tag.
Summarizing all discussions I've read, there are two common workarounds, or
ways to manually implement classification in gnucash:
1. By adding the tag #italy2020 to the description, note or memo field of
the transaction.
The transaction report can then filter transactions by the tag string.
2. By creating an additional account, called italy2020, and change the
transaction splits in the following way:
Cr. Assets:Checking 100€
Dr. Tags:italy2020 100€
--
Cr. Tags:italy2020 100€
Dr. Expenses:Eating out 100€
Those of you who implement such taggings, can you share your method, and why
you prefer your method over the other?
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