Separate salary accounts?

Michael Henry michael.k.henry at gmail.com
Sat Jun 16 05:36:41 EDT 2012


Hi there,

Should I create a separate "salary" account for every employer? I currently
have two salary accounts, one for my wife and one for myself, but I changed
jobs a few months ago and it has just occurred to me that I should put
payments from my new employer as coming from a separate account. The point
of doing this is obviously to be able to track income from each employer,
but the issue that arises is that the old employer salary account is
defunct; it will never be used again and will clutter up my accounts.

In the process of composing this e-mail I think I have answered my own
question (keep a single salary account) but I'm not sure how I would
distinguish between income from my current employer and my previous
employer. If this is trivial then I probably shouldn't have a separate
salary account for my wife as I can use the same mechanism to distinguish
salary payments from her employer. Does this make sense?

Your thoughts and advice would be greatly appreciated!

Michael


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