I agree with Michael on this, deleting accounts has a knock on effect that isn't always apparent. In one firm I worked for, the GM took it upon himself to delete a load of customer accounts that were at zero when I was away. This was Sage Line 50, it totally screwed the accounts but was not apparent at the time. Deleting the accounts is akin to tearing the pages out of a journal; best to 'hide' them as suggested.
On Fri, 14 Apr 2023 at 23:32, Michael or Penny Novack < stepbystepf...@comcast.net> wrote: > On 4/14/2023 4:51 PM, Gyle McCollam wrote: > > I have a fixed asset account for an automobile with subaccounts for the > purchase cost and depreciation. I am selling this car and purchasing a new > car. How do I delete the old car from my COA without messing up the > financials as there have been debits and credits to the 2 subaccounts. The > parent account at this point has a zero balance as the vehicle is fully > depreciated. > > > You don't delete it (it would indeed mess up all those transactions) > > It's no longer needed, balance is zero, just HIDE it. Do note that if > you dispose of this fully depreciated asset for a gain, you will have a > capital gain to record that transaction << but that wouldn't involve > this account >> > > > Michael D Novack > > > _______________________________________________ > 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.
