Sorry guys I think I now understand hence ill try again

[Michael Ferrara]

Your accounts are of the type Income/Expense... (er, they are not Asset
type accounts, which are kept separately)... and if all 4 of your accounts
are of the same type, you may group them underneath a placeholder account
which will display a nice total.

If you want to avoid using subaccounts, then close your books at the end of
the week/month/accounting-period into a 'retained earnings' account-- that
will show your profit, i.e. change in worth for the period, and will reset
the balance in the register so you have a clean slate for the next period.
Your balance sheet accounts on the other hand, e.g. your bank assets, will
tell you your absolute worth on a given day.  Crucial point:
Income/Expenses describe flowing money.  Assets/Liabilities describe static
money.


On Wed, Oct 29, 2014 at 2:41 PM, jcard21 xxxxxxx <jcard21+gnucash at gmail.com>
wrote:

> Try reading this:
>
> http://gnucash.org/docs/v2.4/C/gnucash-guide/accts-examples1.html
>
> On Wed, Oct 29, 2014 at 4:46 PM, Martin Richards <mixdoctor at rjrhythm.com>
> wrote:
> > Hi There,
> >
> > Firstly can I apologise for sending you email without subscribing hence
> all emails before this please disregard so we can start again.
> >
> > Now my question which seems to be simple to do but can not for the life
> of me work this out even looking at your tutorial I just can’t seem got get
> it yet its a simple request I think that the software can do.
> >
> > Firstly as it was only one account I have set up my small business
> account a dream and entered everything from April into it and it works
> well. I basically got income account, expenses account then all going to
> one account named (Cash In Hand) and it all works out well even all
> Reconciled correctly so this account is working fine and is in a separate
> folder for my business as already suggested and yes I totally understand
> how this works and can see the logic and how it calculates.
> >
> > Now my problem is my personal accounts let me try to explain
> >
> >
> > my main problem as I said is my personal accounts which there are 4 of
> them
> >
> > All accounts are bank accounts
> >
> > Account 1 = Personal
> > Account 2 = Household
> > Account 3 = Savings Halifax
> > Account 4 = Savings Post Office
> >
> > so basically this is where I think I have gone wrong I have set up each
> account like my business hence Account 1 (personal) has and income and
> expense accounts all adding and subtracting and putting the totals into the
> top account called personal. I have repeated this for the next 3 accounts
> hence like my 4 bank statements they all work out with no problems. i.e. on
> every account i have income and expenses hence 4 accounts and 4 lots of
> income and expense one of each for each account.
> >
> > Now the bit i can’t do the linking part as explained below
> >
> > say
> >
> > Account 1 has 100
> >
> > Account 2 has 150
> >
> > Account 3 has 50
> >
> > Account 4 has 100
> >
> > this is after you have entered all expenses and income separately into
> each account
> >
> > total in all 4 accounts is 400
> >
> > hence this is what I need to link totals in all 4 accounts to one
> account say (total amount of money I Have) i.e. Total Assets which is
> totals from all accounts added together.
> >
> > I hope this explains it better
> >
> > Yes its la long winded way of doing it having income and expense on all
> 4 accounts as I think this software will allow one set of income and
> expense accounts linked to all 4 accounts but I did try this first and got
> negative totals somehow which I can not understand why hence I did it the
> way I explained.
> >
> > Thanks in Advance
> >
> > Martin
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> jcard21
>
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