gnucash Setup multiple programs

[davezub]

I'm currently evaluating SMB accounting programs for our recreation council.
Gnucash looks very impressive, but i'm somewhat accounting challenged.  My
first hurdle is how to setup the program for our council. The way we operate
is we have several programs that operate like wholly own subsidiaries of a
company.  Example we have programs for soccer, baseball, dance, martial
arts, etc... Each program operates within a approved budget and has income,
expenses, AR, AP etc.. At the end of the fiscal year we zero out all
programs with all funds returning to a general fund account. Each program
requires a specific budget report for its own program. We have only one
checking account where all the funds reside. Just struggling with how to set
this up. 

Would I setup an account for Soccer with income, expense, etc... and
complete this for all programs? I will need to report on the entire council
and individual programs.

Income
+--Soccer Income
+--Dance Income
Expenses
+--Soccer Expenses
+--Dance Expenses

Or would some other hierarchy be more beneficial. THANKS!





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