How to "close" an savings account?

[David Carlson]

On 8/10/2011 9:51 AM, David Carlson wrote:
> On 8/10/2011 8:26 AM, Derek Atkins wrote:
>> 							
>> Sorry, but being arguable that it's a bug or feature does NOT imply that
>> there needs to be an option..  It means there needs to be discussion and
>> possibly decide we need to change the meanings (or labels) of some of
>> the (currently two) flags.
>>
>> Perhaps we need to change the meanings so that both hidden and
>> placeholder hide the account from the autofill/popup menu.
>>
>> -derek
> OK, I agree that neither hidden accounts nor placeholder accounts should
> appear in the autofill/popup menu, especially since transactions are not
> allowed in placeholder accounts. 
>
> However, I wonder whether the question that Henrik asked to start this
> thread has been fully addressed.
>
> To refresh your memory:
>
> On 5 August 2011 15:12, Henrik <henrik.soke at gmail.com> wrote:
>
>> Hi guys,
>>
>> I really love gnucash, but sometimes it just gets a bit complicated.  I
>> would be really thankful if you can help me with my question - here it goes:
>>
>> I have a *Current Assets -> Savings Account*, where I was noting my monthly
>> deposits (from Current Assets -> Checking Account). The monthly interests
>> were noted in *Income -> Interest Income -> Savings Interest*. After 1 year
>> of monthly deposits my savings account was closed by the bank and the money
>> was rerouted to my checking account.
>>
>> So, in gnucash I went to the *Savings Account* and made a *Withdrawal* to
>> *Current Assets -> Checking Account*. I don't need the savings account
>> anymore, so all I need to do now is *delete*the Savings Account and
>> automatically *move *the noted transactions to the Checking Account? I do
>> not want to affect the Savings Interests account because its useful to know
>> how much interest I got. Or is there any other way to "close" my Savings
>> Account?
> Just leave it with no money in it.  What is the problem with that?
> You do not want to destroy the history by removing the account from
> the records.  You can mark it as hidden if you want so that it will
> not appear in autofill and so on.
>
> Colin
>
>
> Thanks and best regards,
> Henrik
>
>
> Another choice for Henrik would be to edit that savings account to make
> it a 'child' of the checking account so that his CoA would look like this:
>
> *Current Assets -> Checking Account -> Savings Account*
>
>  If he runs any reports that show detail of transactions between the two
> accounts during that time window, those transactions would still appear,
> yet the totals would include both accounts. The interest income would
> still appear in appropriate reports.   Is there any downside to this idea?
>
>
> David Carlson
>
>
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Oops!  I just noticed that existing transactions remain in an account
when the 'Hidden' check-box is selected.  I would like to suggest
changing he name of this box to 'Locked" to suggest that existing
transactions remain as 'read-only'  I believe this check-box is intended
for accounts that are no longer used. 

Now I must ask the question:  Are transactions in 'Hidden' accounts
included in reports?  I would assert that they should be included for
accounts that are simply no longer used for new transactions, but some
would assert that 'Hidden' would suggest that the account is 'Hidden'
from reports as well.  To those people I would point out that they can
usually edit the list of included accounts for that report.

David Carlson


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