Gnucash usage for small banks and GL derivation rules

[Mike or Penny Novack]

On 6/20/2017 12:02 PM, Adrien Monteleone wrote:
> First, I don’t think GnuCash is recommended for any case but personal finances, clubs, and small businesses. A financial institution is on an entirely different level. As David noted, I certainly wouldn’t want to be a customer of such a bank. (now, if they liked GC so much they decided to fully fund its development to get it to an acceptable state for that case, I might change my mind)
I am not sure I understand that answer. During my lifetime, banks, 
especially small banks were still using pen and ink on paper (computers 
became available for business purposes the first decade after WW II)

Gnucash is perfectly able to mimic (automate) what old fashioned 
bookkeeping did. In many ways a bank is easier (more complete) than most 
businesses. The main lack in gnucash is no provision to receive "feeds" 
from other business systems (inventory, point of sales, etc.)

Michael D Novack

PS: If what you were meaning was just that gnucash did not come with a 
built up skeleton (sample of initial accounts) designed for a banking 
business, that is another matter entirely. But we can all come up with 
specialized uses for which "no set up skeleton provided".  It  doesn't 
make gnucash unsuitable just because you have to "roll your own" CoA.