tracking bank service charges

[Wm]

Thu, 2 Jul 2015 13:52:24 <1435870344208-4679161.post at n4.nabble.com>  gg
<gg at mailinator.com>

>In real life it's called [my bank name] Settlement Account.

Is that a brokerage trading account?  Don't you have a plain old bank
account too?  Y'know, maybe you have a cheque book or a debit card that
goes along with it.  A checking or current or basic bank account.

>I think you're trying to tell me that I should've created the same account
>in the gnucash tree. I didn't do this and resorted to standard accounts
>which gnucash offers via its' accounts creation wizard because there are
>really a lot of account types in the gnucash, and each type can do some
>things and cannot do another ones.

Wrong!

gnc has, same as accounting in general, 5 basic sub accounts in two
groups

Balance Sheet
  Assets
  Liabilities
  Equity

P+L
  Income
  Expenses

that is it!

anything else is just more detail about the same.

>So I just created what gnucash offers as
>a default configuration - at least there are some tutorials which are based
>on this accounts set.

Hey, you aren't the first to have started big and then realised they
didn't know as much about accounting as they thought.

Use the base account tree, much easier and more sensible.  Plus, the gnc
way means you can add bits to the account tree as and when and move
accounts around as your understanding grows.

-- 
Wm...