No subject

to
the investment instrument type.  It is perfectly possible (and, indeed, =
I
have such a case) where an account with Institution-X includes both a =
garden
variety IRA (which just matured) and mutual fund holdings, with an
associated cash account.  It would really be turning things upside down =
to
elevate the instrument above the institution.  To be perfectly clear,
however, the highest concept here is not institution, per se, but the
investment account -- the entity for which they send you a statement.
That's why the suggested chart of accounts separates RETIREMENT from =
SPOUSE
RETIREMENT at the top level.  Both may have accounts at the same
institution, but they are different accounts.  It isn't clear to me how =
any
practical or accounting value would derive from lumping all Plain Old =
IRAs
into the same bag.

-----Original Message-----
From: gnucash-user-bounces+john.layman=3Dlaymanandlayman.com at gnucash.org
[mailto:gnucash-user-bounces+john.layman=3Dlaymanandlayman.com at gnucash.or=
g] On
Behalf Of FireFly
Sent: Friday, March 18, 2011 4:04 PM
To: gnucash-user at gnucash.org; alfggmb
Subject: Re: How to set up hierarchy for accounts? What is better?

Why do you need to put the "Bank Name" at the start of the tree? Is it =
that
important what accounts are in what banks (or rather totaling)?

Personally if you care about IRA's in a particular bank I'd keep =
original
setup with a minor change

Investments:Retirement:IRA:[Bank Name]:Account X

- James Duerr

E-mail: FireFlys_98 at yahoo.com
---------------------
Discover a lost art - play Marbles. May 2004 www.marillion.com


--- On Thu, 3/17/11, alfggmb <alfggmb at verizon.net> wrote:

> From: alfggmb <alfggmb at verizon.net>
> Subject: How to set up hierarchy for accounts? What is better?
> To: gnucash-user at gnucash.org
> Date: Thursday, March 17, 2011, 8:00 PM Is it better to set up=20
> parent-child accounts for IRA investments as for e.g.
> [Bank Name]:Investments:IRA:Account1,2 etc or leave it as in the=20
> original setup.. Investments:Retirement:IRA..
>=20
> The problem is all the IRAs from everywhere(all banks and
> others) would
> appear under the same parent, namely Retirement.=A0 It will not give a =

> total for [Bank Name]:
>=20
> Basically my question is, is there an easy way to find the totals for=20
> both (all accounts in [Bank Name] which includes the IRA in
> Investments:etc) and
> (all IRAs) ?=20
>=20
>=20
>=20
> Thanks,
> Al
>=20
>=20
> --
> View this message in context:=20
> http://gnucash.1415818.n4.nabble.com/How-to-set-up-hierarchy-for-accou
> nts-What-is-better-tp3386171p3386171.html
> Sent from the GnuCash - User mailing list archive at Nabble.com.
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
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>=20


     =20
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