Account classification - does it matter?

[Carsten Rinke]

Hi David,

I think that functionality will not be affected, but you will put a lot 
of interpretation work on yourself.

Sticking to the example with the liabilities:

Any report that lists total liabilities will show 0, and you have to 
remember that your liabilities are incorporated into your assets.

The default cashflow report will not show cashflow from or to your 
liabilities, as it is calculating the cashflow going in/out all assets. 
If you want to visualize this again, you need to prepare your own 
customized cashflow report.

Kind regards,
Carsten


On 04/26/2013 06:28 AM, Jamestk wrote:
> Hello all.
>
> I just wanted to know if the actual account classification is important when
> using GNU cash?
>
> Over time I have found the different headings used a bit confusing at times.
> As an example the credit card shows a debit red balance when in credit.
>
> I understand this is for a reason but to overcome the confusion between
> reading accounts I have changed their classification  to 'bank accounts'.
>
> Credit cards are still listed under the original hierarchy of 'liabilities'
> and bank accounts 'current assets'. Question is, before I go too far down
> this road will it affect reports or other functionality?
>
> Thanks in advance,
>
> David
>
>
>
>
>
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