How do display a certain Report/results
Mike or Penny Novack
stepbystepfarm at mtdata.com
Fri Jan 22 07:25:17 EST 2010
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>2) Change your account structure so that each interest payer has a separate account under Income:Interest (E.g. Income:Interest:First Unity Bank of Heaven). You then have a simple way to see the interest from a particular source, which really helps come tax time.
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Making a GENERAL point here. How you structure your chart of accounts
depends upon what data you need to be able to easily display. Since in
the US on your Federal Income Tax you need to be able to report each
interest payer separately you might want to set up your chart to make
that easy (you should be getting a statement from each -- but you want
to verify that they specified the right amount? -- or you are needing to
file quarterly)
Not fair to set up your accounts ignoring what data you need to be able
to easily produce and then blame GnuCash for not being able to do so.
And of course this is a general situation, not just interest. What you
can bitch and moan about is when you need to be able to report in more
than one way since the chart of accounts only allows for ONE
hierarchical structure. But that's a problem shared by all "simple"
double entry systems (a complex system might be simultaneously entering
the data into more than one "set of books" -- these could have different
structures and so produce different reports)
Michael
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