Keeping Libilities seperate from assets in the Chart of Accounts

[Derek Atkins]

"Robert Stocks" <robert.stocks at gmail.com> writes:

> Hi is there any good reason when doing personal finances to keep
> Liabilities and Assets accounts under diffrent top level accounts?
>
> For example I have several accounts from the same Bank
>
> they are currently
>
> Assets:Current Assets:Bank Name:Check Account
> Assets:Current Assets:Bank Name:Savings Account
>
> Liabilities:Bank Name:Visa Card
> Liabilities:Bank Name:Mortage
>
>
> is there any reason not to have them in the same location in the tree
> so that I can see all the accunts for one Bank in the same location?

Because generally people want to see what their total assets
and total liabilities are, rather than "what's the net value
of my relationship with financial institution X".

> Many thanks.

> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.

-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
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