Null Account and more
Derek Atkins
warlord at MIT.EDU
Fri Jul 23 10:01:51 EDT 2004
linas at linas.org (Linas Vepstas) writes:
> On Thu, Jul 22, 2004 at 11:11:56AM -0500, Perry Smith was heard to remark:
>>
>> When gnucash imported this, it created a sub account under "Interest"
>> called "Fidelity Ultra" and Fidelity Ultra has a subaccount with no
>> name. I can see this in the xml as well as the Accounts window. There
>
> Possibly a bug in the qif importer ???
Could be. That code is a pile of hairballs...
>> "Interest" in quicken as well as gnucash is an expense but Fidelity
>> Ultra is an income account and the account with no name is an income
>
> Bad. 'Fidelity Ultra' should be an asset account of some kind, not
> an income account. You cannot use income/expense accounts to hold
> anything of value. Income/expense accounts are meant only to record
> income or expenses, for use in cash-flow type reports.
Not necessarily... What should happen, IIRC, is that you'll get
an account tree that looks something like this:
Assets
+- Fidelity Ultra
+- (stocks here)
Income
+- Interest
+- Fidelity Ultra
So in essence we'd get the interest income as a transfer from
Income:Interest:Fidelity Ultra -> Assets:Fidelity Ultra.
-derek
--
Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
Member, MIT Student Information Processing Board (SIPB)
URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH
warlord at MIT.EDU PGP key available
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