newbie how-to-best-do-it ?
Jason Rennie
jrennie@ai.mit.edu
Mon, 04 Sep 2000 09:07:15 -0400
Hi Frank,
fpmi@home.com said:
> What is unclear to me is how to set up accounts so that I may simply
> and clearly be able to evaluate how the accounts are doing both as
> single accounts and as a group (net worth).
So, if I understand you correctly, this can all be done through the
hierarchical organization of accounts that GNUCash allows. I would
suggest that you take a look at:
http://www.gnucash.org/docs/C/xacc-groups.html
Here, you'll see a sample account structure with a three-level
hierarchical structure.
I guess one problem you could be having is not being able to create
sub-accounts. In the main account window, highlight an account, hit
the "New" button, and type in the account information. When you hit
the "OK" button, there should appear a plus-sign next to the old
account. If you click the plus-sign, you'll see the sub-account that
you created.
Organizing your accounts in such a hierarchical structure allows you to
quickly get a sense of high-level expenses, income, etc. because the
"balance" for a high-level account is the sum of the balances of all
the sub-accounts.
Does this help?
Jason D Rennie www.ai.mit.edu/~jrennie/
MIT: (617) 253-5339 jrennie@ai.mit.edu
MITRE: (781) 271-7249 jrennie@mitre.org