[GNC] help to set up equity sub-accounts opening balances
Adrien Monteleone
adrien.monteleone at lusfiber.net
Wed Aug 5 11:35:32 EDT 2020
While you can make any account structure you want, there's no need to do
so just for reporting purposes. Reports can show expenses (or anything
else) monthly, yearly, for just a few days, or one day only if you like.
Regards,
Adrien
On 8/4/20 10:07 AM, Marilyn Graves Kimple via gnucash-user wrote:
> I have used double-entry bookkeeping although I am not trained. In the past I have used what I called 'fund' accounts as sub-accounts for my equity account: home maintenance, tithe, and emergency savings, for example. I divide my 'profits' each month and accrue them through an expense account to accounts which are part of my total equity.
> The object is to keep a running total for expenses which are typically annual rather than a month-by-month total. Can I do this with GnuCash? I think I really need to do this.
> Setting up my accounts initially I tried setting up sub-accounts under the parent Equity, and then under the Equity sub-account Opening Balances, and it only allows me to transfer to Open Balances in each case. The funds in my assets/liabilities account are not transferable 1 to 1 to one of these other accounts.
> I may have to change the way I do things, but I would really appreciate help with this. mgk
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