On 5/8/2026 12:05 PM, Louise wrote:
Thanks Adrien,
I'm trying to break my habit of making s more complicated than they
need to be, so single fund it is!!
Thanks,
Louise
Also consider, the gnucash program will support multiple books (as many
as you want). That means you can have a main/master set of books and a
number of subsidiary books. Only the totals of the subsidiary books get
entered into the main books, not all the detail.
This is NOT a new idea. Even back in the days of pen and ink on paper
usual to have subsidiary books like "petty cash" and/or "cashbook" (for
transactions JUST involving cash/bank and the most popular accounts). In
a way, gnucash is like "cashbook accounting" (no journal) extended to
the entire ledger) for transactions just involving two accounts << we
who learned in the old days recognize that >>
So ... you could use a separate set of books to track the managed fund
so you could see that detail with only then nets in your main books.
Somebody like myself whose fund offers LOTS of investment options might
want to do that.
You can even have virtual books (our solar system has virtual existence
as if it were an actual business entity operating on a loan from us
(since paid off) and providing us with "income" << electric bill
amounts we do NOT have to pay as well as actual income from sale of
SRECs >> We also have a set of books for our donations as if that were a
"donor directed fund" making both deductible and non-deductible
donations. The main books need only THOSE totals, not the details of
which organization received how much << but the donations book makes
that detail available if needed >>
It is one thing in the main to hide unnecessary detail (like the sub
accounts under "auto expense". But if a hundred or two accounts would be
hidden, a good case for a subsidiary book.
Michael D Novack
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