Closing accounts.

[Daniel Carrera]

Mike or Penny Novack wrote:
> The reason I suggested you create a parent account (in each fundamental 
> accounting category where you have accounts you want to hide) is to make 
> it easy to find them later. Nothing is more annoying than having hidden 
> something, not knowing where to find it. In general there could be a 
> great many such "dead" accounts. Imagine a small business that had 
> accounts with customers and vendors. Over time the number of "closed" or 
> "inactive" accounts could become enormous. Rather than having these in 
> an unstructured heap*, you'd want to keep like sorts of "dead" accounts 
> together to make finding easier should you need to investigate one or 
> reactivate one.

That's sensible. I only have a couple of dead accounts per category, but 
what's the harm in grouping them like you suggest? I might be glad I did 
later.

Cheers,
Daniel.