[GNC] What is the purpose of hidden accounts?

[pyz01 at cox.net]

I can think of at least two tax account reasons for hidden accounts: 

1.  If you close or transfer an interest baring account in the middle of the
year and want to account for the interest you earned when you do you taxes
at the end of the year - rather than close the account - you would hide the
0 balance account for ease

2.  I pay off a loan account in the middle of the year where I paid
deductible interest and want to account for that deductible interest at the
end of the year for tax purpose - again rather than close the account I
would hide the 0 balance loan account


I can think of one aesthetics reason:

If I had several accounts grouped into one large "accumulation account" -- I
could hide the underlying accounts where I do the allocation of funds and
keep only the group account to show the overall balance. 

Ken 



-----Original Message-----
From: gnucash-user <gnucash-user-bounces+pyz01=cox.net at gnucash.org> On
Behalf Of Tim Hume via gnucash-user
Sent: Saturday, August 21, 2021 10:13 PM
To: GnuCash-User <gnucash-user at gnucash.org>
Subject: [GNC] What is the purpose of hidden accounts?

Hi everyone,

In GnuCash one can create a hidden account. What legitimate purposes are
there for hidden accounts?

Regards,

Tim.

Sent with ProtonMail Secure Email.
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