Re: [GNC] Adding ASSETS & LIABILITIES to sub accounts
Thanks for the insights. For the record, the app you're intending to reference is "skrooge" not "skoorage". David T. On Jun 1, 2024, 8:20 AM, at 8:20 AM, Paras Desai wrote: > >On 31-05-2024 20:46, gnucash-user-requ...@gnucash.org wrote: >> Re: [GNC] Adding ASSETS & LIABILITIES to sub accounts > > >My two cent on the topic 😛 > >Before I zeroed in to GNU Cash for my personal finance accounting, I >evaluated many open source softwares like Money manager Ex, Skoorage, >Kmymoney and likes and eventually I decided to settle in GNC for >multiple reasons. > >However, I remember one feature (either in skoorage or Kmymoney), which > >has a feature of grouping Chart of Accounts (COA) Institution wise. > >While posting the transaction, one can select the Institution and >transaction flows in that institution. While generating report, one can > >generate report for all Institutions or for an individual institution. > >Now, this “Institution” can be an either a family member, or a company >or a company business division. > >This feature is very relevant, if one wishes to monitor family finance >along with individual finance, or separate business line finance. > >So configuration can be like Family (All Institutions)--> >Institution1(family Member 1) + Institution2(Family member2) and so on. > >GNC manages accounts as an individual file. So, to achieve above, if a >report can be developed to combine multiple files (Accounts) to >generate >a report ! > >Of course, this is a suggestion of a layman, without giving cognizance >to the technicality involved and basic software structure of the GNC >and >limitations. > >I just thought of sharing this idea, when I came across the discussion >on the topic. > >With my best regards > > >Paras > > > >___ >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.
Re: [GNC] Adding ASSETS & LIABILITIES to sub accounts
On 31-05-2024 20:46, gnucash-user-requ...@gnucash.org wrote: Re: [GNC] Adding ASSETS & LIABILITIES to sub accounts My two cent on the topic 😛 Before I zeroed in to GNU Cash for my personal finance accounting, I evaluated many open source softwares like Money manager Ex, Skoorage, Kmymoney and likes and eventually I decided to settle in GNC for multiple reasons. However, I remember one feature (either in skoorage or Kmymoney), which has a feature of grouping Chart of Accounts (COA) Institution wise. While posting the transaction, one can select the Institution and transaction flows in that institution. While generating report, one can generate report for all Institutions or for an individual institution. Now, this “Institution” can be an either a family member, or a company or a company business division. This feature is very relevant, if one wishes to monitor family finance along with individual finance, or separate business line finance. So configuration can be like Family (All Institutions)--> Institution1(family Member 1) + Institution2(Family member2) and so on. GNC manages accounts as an individual file. So, to achieve above, if a report can be developed to combine multiple files (Accounts) to generate a report ! Of course, this is a suggestion of a layman, without giving cognizance to the technicality involved and basic software structure of the GNC and limitations. I just thought of sharing this idea, when I came across the discussion on the topic. With my best regards Paras ___ 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.
[GNC] Adding ASSETS & LIABILITIES to sub accounts
> I make money personally, I own a couple of properties, and I also design and manufacture audio devices. These are basically different entities... I doubt it. If they are all reported as part of the one tax return they are enterprises rather than entities. Entity finances are normally kept separate with separate tax returns, bank accounts and cashbook files (despite what can be done). Accounting is set up to report on accounts. Dimensional accounting describes reporting on other things, such as enterprises, but it is not directly implemented in GnuCash although various workarounds are used. When I purchase fuel for one entity I also record the enterprise, ultimately for the tax return which requires separate Primary Production reporting. Using subaccounts has been described and I'll refer to my previous comments about filter reports: https://lists.gnucash.org/pipermail/gnucash-user/2024-May/111804.html The developers haven't responded to my request to comment on why, despite significant revision to standard reports, ultimately the functionality to report all transactions by filter (matched and unmatched) was not included in GnuCash and is only available as a custom report. Regards ___ 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.
Re: [GNC] Need help with eBay - tagging multiple sales into one payout hitting checking two business days later
Bruce. There should be no problem just adding additional lines for each sale and shipping label purchase and fee transaction to the single transaction with the debit entry to your check account being the payout figure. Alternatively if you have the gross amount of each sale available you can calculate what you receive from each sale and could post each individual sale as a transaction and instead of debiting your cheque account, debit an accounts receivable account. When you record the transaction for Ebay's payment to you at the end of the day, you credit the accounts receivable and then debit your cheque account. The amounts should match. What is more appropraite will depend on your reporting requirements and taxation legislation. This is where you need your local accountant. David Cousens On Fri, 2024-05-31 at 10:25 -0400, Bruce Griffis wrote: > I’m looking for help in figuring out GnuCash for a small eBay > reseller, > basically selling items from home, but occasionally purchasing an > item > for resale. I’m looking at this from the perspective of viewing sales > from the My eBay / Selling / Payments / Total Sales page. > > > Under Assets, I have Checking account, Savings account, Cash account > and > eBay Inventory account (I get that GnuCash does not support inventory > – > I just build this using a CSV export from Libre Office Calc). Under > liabilities I have a secured credit card. > > > Under Income I have eBay Transactions (and I want this to reflect the > eBay All Transactions page). Under expenses I have eBay Final Value > Fees, eBay Shipping Labels and eBay Refunds. I also have standard > small > business chart of accounts to support basics of purchasing boxes, > bubble > wrap, bubble mailers, tape, poly bags, … > > > When I look at making just one sale in a day, this approach works > pretty > well: > > On eBay All Transactions I have one entry that gives Date, > Description > (the item that was sold), > > Amount (this is gross amount), Fees (this is eBay Final Value fees), > Net > (the net amount I receive – if I pay shipping (offer free shipping), > net > gets reduced by my shipping label costs), Total Funds. > > > I then see a second transaction under All Transactions for the > purchase > of the shipping label. This includes Date, Description, Amount and > Net. > Since Total Amount is the amount in this account before payout, my > total > amount in this account gets modified (it gets reduced by shipping > label > amount). > > > I then see a third transaction. The third is my payout. This includes > Date, Description, Amount and Total Amount. Amount is the dollar > amount > that hits my checking account in two business days. Total Amount is > the > Total in this account (eBay Funds? I need to figure out what to > descriptively call it). If I only had one sale in a day and did not > make > any new sales then Total is zero. > > > To reflect this, I enter a split transaction. > > I enter the Date, Description and Gross amount for the sale. > > I enter another transaction in the split. This is Date, Description, > eBay Final Fees (an expense). This goes into Expense account eBay > Final > Fees. > > I enter another transaction in the split. This is Date, Description, > Shipping label cost and goes to eBay Shipping Labels expense account. > > I enter a third transaction. This is my payout. It usually simply > matches Imbalance-USD. This goes to my Income account Checking. > > > When I look at my checking account, I can match it by the dollar > amount, > but since payouts post in two business days, the date does not match > up. > But it is simple enough to figure out. > > > Things get way out of hand when I make multiple sales in one day. I > would enter a split transaction for every sale, so if I had four > transaction – I would show four split transactions made up of the > sale, > the final value fees, and the shipping label. However – I would only > have one payout. So if I take the income from the sale and post it > directly to checking, I end up adding 1 of 4, 2 of 4, 3 of 4, … to > the > front of the description field. Then when looking at my checking > account > – I would need to add together each individual transaction to equal > my > payout. Now I am not matching on date (posted two business days > later) > and amount (I need to add individual sales together to correlate with > the days payout. > > > Additionally, Refunds get pulled out of the running eBay Funds > account > (that I need to create in GnuCash). If the funds in that account > aren’t > enough t cover it, the refund comes out of checking as a direct > debit. > > Any recommendations on how I would show multiple sales in a day > making > up one entry into my checking account? Do I need another account – > send > my payouts there. Then group multiples in another split (if I can do > that?) to show the days transactions? Or do I need to think about > doing > an
[GNC] Check amount prints wrong
Hello, I'm running Gnucash 5.6 on an iMac running Ventura 13.6.7. When I print a check, any amount over $1,000 prints wrong in the text amount. For example, a check for 1,209.71 prints out: ***zero Thousand and 71/100*** Checks under $1,000 print correctly. This problem started when I upgraded to GNC 5.6. On my Windows machine I had the same problem when I upgraded. When I discovered it a couple of weeks later, I installed the latest nightly build, and that corrected the problem. Is there a nightly build for Mac as well? Or is there another way to fix this? Thanks for your help. Sherman ___ 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.
Re: [GNC] Need help with eBay - tagging multiple sales into one payout hitting checking two business days later
Bruce: Welcome to GnuCash, congratulations on the eBay business, and I hope it goes well for you. It sounds like your question is not about GnuCash, it is about accounting. Once you know how the information should get tracked as an accounting matter, it will be straightforward to explain how to record that information using GnuCash as the recording tool. Do you have an accountant advising you? If so, ask them for their advice about how to record this information. Have you read an introductory accounting textbook? If not, maybe this is a good time for that learning. You say, …Under Income I have eBay Transactions (and I want this to reflect the eBay All Transactions page).… From what you describe, this sounds to me like it should be an Asset, not Income. It is something like Accounts Receivable from eBay. The eBay All Transactions page as you describe it lists a sale, where eBay starts to owe you money, then a deduction for cost of sales, where eBay reduces the amount they owe you, then a payout, where eBay reduces what they owe you to zero by sending you money. So: it sounds to me like the type of this account should be Asset, not Income. …Things get way out of hand when I make multiple sales in one day. I would enter a split transaction for every sale, so if I had four transaction – I would show four split transactions made up of the sale, the final value fees, and the shipping label. However – I would only have one payout. So if I take the income from the sale and post it directly to checking, I end up adding 1 of 4, 2 of 4, 3 of 4, … to the front of the description field. Then when looking at my checking account – I would need to add together each individual transaction to equal my payout.… It sounds like you should be entering only one transaction from the eBay Accounts Receivable account to the chequing account, to correspond to the one payout per day. There is no need to make a transaction between these two accounts for each eBay sale. The amount of the one daily transaction equals the amount of the eBay payout, and the amount which arrives in your chequing account. Note that the balance in your eBay Accounts Receivable account starts at zero each day, increases as eBay makes sales, decreases as eBay charges you fees, then drop to zero when eBay makes the daily payout. …When I look at my checking account, I can match it by the dollar amount, but since payouts post in two business days, the date does not match up. But it is simple enough to figure out.… In my finances, it is completely normal for a transaction to take multiple days to play out, so the statements from various parties to the transaction will have different dates. For instance, I pay a store by credit card on May 1st. When I get my credit card statement, it has two dates for the transaction: transaction date, and posting date. The transaction date is May 3rd, because the store did not report the sale to the credit card company for a little while. The posting date is May 4th, because the credit card company also took a little time to process the transaction. GnuCash only has one date field per transaction, so I choose one of those three transaction dates as the representative date to record in GnuCash. It is possible to enter multiple GnuCash transactions to record the separate steps and the time delay in transactions, but I almost never find it worth the bother. Does this answer your question? —Jim DeLaHunt On 2024-05-31 10:25, Bruce Griffis wrote: I’m looking for help in figuring out GnuCash for a small eBay reseller, basically selling items from home, but occasionally purchasing an item for resale. I’m looking at this from the perspective of viewing sales from the My eBay / Selling / Payments / Total Sales page. Under Assets, I have Checking account, Savings account, Cash account and eBay Inventory account (I get that GnuCash does not support inventory – I just build this using a CSV export from Libre Office Calc). Under liabilities I have a secured credit card. Under Income I have eBay Transactions (and I want this to reflect the eBay All Transactions page). Under expenses I have eBay Final Value Fees, eBay Shipping Labels and eBay Refunds. I also have standard small business chart of accounts to support basics of purchasing boxes, bubble wrap, bubble mailers, tape, poly bags, … When I look at making just one sale in a day, this approach works pretty well: On eBay All Transactions I have one entry that gives Date, Description (the item that was sold), Amount (this is gross amount), Fees (this is eBay Final Value fees), Net (the net amount I receive – if I pay shipping (offer free shipping), net gets reduced by my shipping label costs), Total Funds. I then see a second transaction under All Transactions for the purchase of the shipping label. This includes Date, Description, Amount and Net. Since Total Amount is the amount
[GNC] Need help with eBay - tagging multiple sales into one payout hitting checking two business days later
I’m looking for help in figuring out GnuCash for a small eBay reseller, basically selling items from home, but occasionally purchasing an item for resale. I’m looking at this from the perspective of viewing sales from the My eBay / Selling / Payments / Total Sales page. Under Assets, I have Checking account, Savings account, Cash account and eBay Inventory account (I get that GnuCash does not support inventory – I just build this using a CSV export from Libre Office Calc). Under liabilities I have a secured credit card. Under Income I have eBay Transactions (and I want this to reflect the eBay All Transactions page). Under expenses I have eBay Final Value Fees, eBay Shipping Labels and eBay Refunds. I also have standard small business chart of accounts to support basics of purchasing boxes, bubble wrap, bubble mailers, tape, poly bags, … When I look at making just one sale in a day, this approach works pretty well: On eBay All Transactions I have one entry that gives Date, Description (the item that was sold), Amount (this is gross amount), Fees (this is eBay Final Value fees), Net (the net amount I receive – if I pay shipping (offer free shipping), net gets reduced by my shipping label costs), Total Funds. I then see a second transaction under All Transactions for the purchase of the shipping label. This includes Date, Description, Amount and Net. Since Total Amount is the amount in this account before payout, my total amount in this account gets modified (it gets reduced by shipping label amount). I then see a third transaction. The third is my payout. This includes Date, Description, Amount and Total Amount. Amount is the dollar amount that hits my checking account in two business days. Total Amount is the Total in this account (eBay Funds? I need to figure out what to descriptively call it). If I only had one sale in a day and did not make any new sales then Total is zero. To reflect this, I enter a split transaction. I enter the Date, Description and Gross amount for the sale. I enter another transaction in the split. This is Date, Description, eBay Final Fees (an expense). This goes into Expense account eBay Final Fees. I enter another transaction in the split. This is Date, Description, Shipping label cost and goes to eBay Shipping Labels expense account. I enter a third transaction. This is my payout. It usually simply matches Imbalance-USD. This goes to my Income account Checking. When I look at my checking account, I can match it by the dollar amount, but since payouts post in two business days, the date does not match up. But it is simple enough to figure out. Things get way out of hand when I make multiple sales in one day. I would enter a split transaction for every sale, so if I had four transaction – I would show four split transactions made up of the sale, the final value fees, and the shipping label. However – I would only have one payout. So if I take the income from the sale and post it directly to checking, I end up adding 1 of 4, 2 of 4, 3 of 4, … to the front of the description field. Then when looking at my checking account – I would need to add together each individual transaction to equal my payout. Now I am not matching on date (posted two business days later) and amount (I need to add individual sales together to correlate with the days payout. Additionally, Refunds get pulled out of the running eBay Funds account (that I need to create in GnuCash). If the funds in that account aren’t enough t cover it, the refund comes out of checking as a direct debit. Any recommendations on how I would show multiple sales in a day making up one entry into my checking account? Do I need another account – send my payouts there. Then group multiples in another split (if I can do that?) to show the days transactions? Or do I need to think about doing an accounts receivable kind of thing and bundle multiple transactions into an A/R account for the day for when I have more than one sale in a day? ___ 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.
Re: [GNC] Adding ASSETS & LIABILITIES to sub accounts
You aren't going to be happy with the answer. Well, part it. See, without realizing it, you are asking for TWO things: 1) Can I have these multiple "entities" in one set of books, be able to have, for example, assets for entity one, assets for entity two, etc. The answer to THAT question is yes, and you can run reports selecting just the accounts related to each entity in the report for that entity. 2) Can I show these grouped by entity instead of all the asset accounts together (under assets), all the liability accounts (under liabilities), etc. The answer to THAT question is no. If all in one CoA then have to follow the rules for how a CoA is organized. That's not specifically a gnucash thing. This is a tradeoff situation related to work flow, which you decide is easier. Keep in one set of books but have a lot more work setting up the reports with account inclusion/exclusion for each entity. Or Keep in separate books and now the reports are simple default (since that CoA has only accounts of that entity) and have the work of adding up the totals from the Balance Sheets (etc.) of all entities. Michael D Novack PS --- If you are new to double entry bookkeeping I strongly suggest the "separate books" option since each will be simpler to set up, more closely follow examples, and the task of adding up the corresponding pieces (of each entity) is straightforward. Also a factor to consider, if you are keeping all in one set of books there is an error you could make that gnucash would not catch for you << no double entry software would, since the fundamental rules of double entry not violated by this mistake >> You COULD accidentally enter a transaction belonging to entity one in accounts of entity two, even partly in one and partly in another. And it's really not if you will do this but when you will make a mistake of that sort. Finding/correcting an error of that sort not going to be easy. PPS --- Those of us whose experience goes back to the days of pen and ink on paper will probably know how to have "subsidiary books" and how the totals of such subsidiary books enter the main set of books. In other words, you COULD have separate sets of books and then a "main" set of books, the reports from which would give you the totals. I suggest not trying this unless with the guidance of a text that deals with things like "petty cash", "sales", etc. which might have subsidiary sets of books connected to a main set of books. On 5/30/2024 1:31 AM, Luis Sini wrote: TL;DR + I would like to add "ASSETS" and "LIABILITIES" account types as sub-accounts but GnuCash only allows it if they are "Top Level Accounts" + Hello to everyone, I make money personally, I own a couple of properties, and I also design and manufacture audio devices. These are basically different entities, and I know that I can create a separate GnuCash file for each one of those ventures. But, I wanted to create 1 GnuCash file that will allow me to have a comprehensive view of all my financial activities while being able to track each venture separately. I've gone ahead and created the following structure: 1. PERSONAL WORK 1. INCOME 2. EXPENSES 2. PROPERTIES 1. PROPERTY A 1. INCOME 2. EXPENSES 2. PROPERTY B 1. INCOME 2. EXPENSES 3. AUDIO DEVICES 1. INCOME 2. EXPENSES What I would like to do is add "ASSETS" and "LIABILITIES" sub-accounts to "PERSONAL WORK" and each of the "PROPERTIES". Unfortunately, GnuCash only allows me to assign sub-accounts types as either "Income" or "Expense" unless the parent account is not set up as either Assets or Liability? I can make an account an "Asset" or "Liability" if the account is a "Top Level Account". Is there any way to get around this limitation? Thanks in advance. Luis S. ___ 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. -- There is no possibility of social justice on a dead planet except the equality of the grave. ___ 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.
Re: [GNC] Adding ASSETS & LIABILITIES to sub accounts
Hi Luis, Welcome to GnuCash! On Friday, 31 May 2024 06:09:12 BST Luis Sini wrote: > Dear Jim, > Since GnuCash is open source, i was wondering how members are able to > contribute to it? Who adds features and make changes to the software. Im > not a programmer, but perhaps i could find someonw that could work on > making changes for me. There is a core team of develpoers who wrtie the code and fix the bugs. their time is very limited. Some others help out by writing/updating docs, or add to the wiki and FAQ. others just answer on here if they have knowledge that fits. Anyone can report bugs, of course. There's a link somewhere on the GC website for $ donatinos, too, I think. > > Although, your solution is something that i have thought of, im wondering > how difficult would it be to add 1 more account type to the software that > made that account be ble to have any type under it. Similar to the top > level accounts. Jim's solution makes sense to me. Use the reports to report on what you need. GC is quite strict about being a "formal accounting" program, and I think you'll struggle to get developer support to make that change to account types. > > I was surprised to find that there is no user group for GnuCash. I'd figure > that may be a way for people to ask questions in a forum which may allow > > people to search previous topics and such. This email list is the "user group". GC has been around for a very long time, pretty much predating "social media", and this email group is still the formal way to ask user-level questions. All the archives exist and can be read, it may just be a slightly different way that you expected, and hard to search for a variety of reasons! I think the specific site: search trick has been killed by google, for example (but still works on duckduckgo). good luck! Maf. ___ 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.
Re: [GNC] Adding ASSETS & LIABILITIES to sub accounts
Dear Jim, Thank you so very much for taking the time to answer my questions. Since GnuCash is open source, i was wondering how members are able to contribute to it? Who adds features and make changes to the software. Im not a programmer, but perhaps i could find someonw that could work on making changes for me. Although, your solution is something that i have thought of, im wondering how difficult would it be to add 1 more account type to the software that made that account be ble to have any type under it. Similar to the top level accounts. I was surprised to find that there is no user group for GnuCash. I'd figure that may be a way for people to ask questions in a forum which may allow people to search previous topics and such. And please forgive me if any of this has been discussed already. I certainly do not want to be a troublemaker. Just wondering how i can contribute and perhaps help people. Thank you again, Luis Sinibaldi On Thu, May 30, 2024, 9:50 PM Jim DeLaHunt wrote: > Luis: > > Welcome to GnuCash! You ask a good question. > > On 2024-05-30 01:31, Luis Sini wrote: > > TL;DR > > + > > I would like to add "ASSETS" and "LIABILITIES" account types as > > sub-accounts but GnuCash only allows it if they are "Top Level Accounts" > > + > > Hello to everyone, > > I make money personally, I own a couple of properties, and I also design > > and manufacture audio devices. These are basically different entities, > and > > I know that I can create a separate GnuCash file for each one of those > > ventures. But, I wanted to create 1 GnuCash file that will allow me to > have > > a comprehensive view of all my financial activities while being able to > > track each venture separately. > > > > I've gone ahead and created the following structure: > > > > 1. PERSONAL WORK > >1. INCOME > >2. EXPENSES > > 2. PROPERTIES > >1. PROPERTY A > > 1. INCOME > > 2. EXPENSES > >2. PROPERTY B > > 1. INCOME > > 2. EXPENSES > >3. AUDIO DEVICES > >1. INCOME > >2. EXPENSES > > > > What I would like to do is add "ASSETS" and "LIABILITIES" sub-accounts to > > "PERSONAL WORK" and each of the "PROPERTIES". Unfortunately, GnuCash only > > allows me to assign sub-accounts types as either "Income" or "Expense" > > unless the parent account is not set up as either Assets or Liability? I > > can make an account an "Asset" or "Liability" if the account is a "Top > > Level Account". Is there any way to get around this limitation? > > I do not know a way around the limitation that GnuCash places on the > types of accounts which can be children of various types of accounts, > e.g. that an Asset account may not be a child of an Income or Expense > account. > > I face a similar situation with my own bookkeeping. I track assets, > liabilities, income, and expenses, for my marriage's joint holdings, and > my personal income, and my spouse's personal income, for my small > business, and some real estate. I let GnuCash insist that Assets, > Liabilities, Equity, Income, and Expenses be top-level accounts. I > divide into my various joint and personal and business divisions at the > next level down. > > Applying that to your example, your chart of accounts might be: > > 1. Assets > 1.A. Personal Assets > 1.B. Property Assets > 1.B.a. Property A Assets > 1.B.b. Property B Assets > 1.C. Audio Devices Assets > 2. Equity > 2.A. Personal Equity > 2.B. Property Equity > 2.B.a. Property A Equity > 2.B.b. Property B Equity > 2.C. Audio Devices Equity > 3. Expenses > 3.A. Personal Expenses > 3.B. Property Expenses > 3.B.a. Property A Expenses > 3.B.b. Property B Expenses > 3.C. Audio Devices Expenses > 4. Income > 4.A. Personal Income > 4.B. Property Income > 4.B.a. Property A Income > 4.B.b. Property B Income > 4.C. Audio Devices Income > 5. Liabilities > 5.A. Personal Income > 5.B. Property Income > 5.B.a. Property A Income > 5.B.b. Property B Income > 5.C. Audio Devices Income > > I can imagine three objections you might have to this structure. > > 1. It is verbose. My structure has 30 lines, while yours has only 13 > lines (or 21 after you add Assets and Liabilities as you propose). I do > not find that to be a problem. The only time I see all the accounts is > in the Accounts tab, and most of the time most of the hierarchy is > collapsed and hidden from view. When I want to enter an account name > into a transaction, I type portions of the path of account names, and > GnuCash gives me a menu of the few accounts which match those portions. > > 2. It doesn't let you report on a single subtree of the account and > capture all the income, expenses, assets, and liabilities. I also do not > find that to be a prob
