Virtual accounts

[Adam Funk]

On 2008-07-13, Michael Chase wrote:

> Hi all,
>
> I've been reading previous posts about virtual accounts.
>
> I have an account that contains tax deductible and non tax deductible interest
> charges.
>
> Is the best way to deal with a situation like that to split the account into two
> sub-accounts, and then manually split the interest charges into each sub
> (virtual) account, or is there some other way to "combine" two accounts into one
> "real" account for reconciliation purposes?
>
> Are there any hidden traps with the above approach?

I don't know, but I can tell you how I would do it (unless someone now
explains to me why this is stupid): I'd use two separate expense
accounts, e.g., Expenses:Interest:Deductible and
Expenses:Interest:Non-Deductible.