How to "close" an savings account?
Bill Wohler
wohler at newt.com
Fri Aug 26 13:23:23 EDT 2011
You definitely don't want to delete an account since then all of the
associated accounts would be corrupted.
In the past, I have created a transaction to transfer the funds into
another account and zero the balance on the old account. I then changed
the parent of the account to Equity to get it out of the way.
The disadvantage of this is that stock accounts lost all of their share
values. This hasn't been a problem, but it was annoying, and could be a
problem someday.
It looks like I should have been using the "hide accounts with zero
balances" option and will try that. Thanks for the discussion.
--
Bill Wohler <wohler at newt.com> aka <Bill.Wohler at nasa.gov>
http://www.newt.com/wohler/
GnuPG ID:610BD9AD
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