gnucash top level accts
Mon, 08 Jul 2002 03:06:55 -0500
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On Sunday 07 July 2002 09:41 am, Todd Kokoszka wrote:
> I was wondering what top accts in the acct tree people have? I have little
> to nil accounting knowledge and would like to have a good organization for
> my assets/money.
Group like items.
> The basic ones I think of are Expenses, Income, Assets, Investments, and
> Accts Receivable or Payable. I think that Investments may be a subset of
> Assets and I don't really know what Accts Receivable and Payable are. I'm
> basically looking for a quick primer in basic accounting knowledge --
> either from someone here or pointers to a good place.
I'm not sure if what I have to say is "good accounting knowledge," but here
goes. For my top level accounts I have my Bank accounts separated into
Checking accounts and Savings Accounts. Then each as a sub-account under
that. Then I have a "Cash on Hand" account. Also an Income top level
account with each place I get money from (my job, my wife's job and any other
steady stuff). Then Insurance, Living, Taxes and finally Utilities. These
are all pretty much explanatory. Since I don't have any stocks, money market
accounts or mutual funds my finances aren't too difficult but you can build
off of this.
The best suggestion is to make it as logical for you as possible since you'll
have to deal with it on a regular basis. Don't think you have to keep doing
it the same way everytime either. When you think there is a better way to
organize it, DO IT! You can always move stuff around create new accounts and
so on. Easy and logical is always better when you're the one dealing with
Hope that helps.
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