Minimizing Unused Accounts

[Nick Hasser]

Mike C. wrote:
> I have about 15 years of investment data with a lot of accounts that are
> no longer used such as stock, bond, and mutual funds that were purchased
> in the past and sold with no expectation that they will be purchased again.
> I have been trying to find a way to minimized the long list of accounts
> that show up in various places like the Security list.  I have not found
> a way to archive the past data and retain the open account data.  I know
> you can mark an account hidden/placeholder to keep it from showing up on
> the chart of accounts and transaction account list but they still show
> up on the report list, security list, and other places.
> The best solution I can think of is to create a new account in Assets
> and Income called Closed Accounts and then delete each individual
> account and move the transactions to Closed Accounts. There would have
> to be separate accounts for each account type to be able to move the
> transactions.
> Does anyone have a better solution to this problem of no longer used
> accounts that accumulate over time?

I have created a "Closed Accounts" asset. When I close an account, I
edit it's properties and set the parent account to Closed Accounts. This
keeps it out of view (I have Closed Accounts minimized in the account
view), but still keeps all the history and reconciliation information
accurate.