[GNC] Add top-level account for both Income (Revenue) and Expenses (Other [Non-Operating] Income And Expenses)

[David Cousens]

Michael 

If you select the Parent account as a "New top level account" in the New account
dialogue you can create a new top level account. You would select its type as
Income and mark it as a Placeholder. You can then create Income and Expense
accounts under it as required. Not sure how this would affect the reports
however. Someone else may be able to comment on that.

David Cousens



On Sun, 2022-12-25 at 17:54 +0000, gnucash_2022 at michaelaltfield.net wrote:
> How do I create a top-level account in GNU Cash that can hold both Income
> *and* Expenses in its subaccounts?
> 
> IFRS (and US GAAP) don't directly publish example Chart of Accounts, but I
> find it common to use some standard top-level account number prefixes. For
> example:
> 
>  * https://en.wikipedia.org/wiki/Chart_of_accounts#Example_Chart_of_Accounts
>  * https://www.ifrs-gaap.com/universal-chart-accounts-0
> 
> 1.0.0 - Assets
> 2.0.0 - Liabilities
> 3.0.0 - Equity
> 4.0.0 - Operating Revenue
> 5.0.0 - Operating Expenses
> 6.0.0 - Other (Non-Operating) Income And Expenses
>  \_ 6.1.0 Other Revenue And Expenses
>    \_ 6.1.1 Other Revenue
>    \_ 6.1.2 Other Expenses
> 
> The GNU Cash docs say that an account must be one of five account types
> 
> > As we saw in the previous chapter, accounting is based on 5 basic account
> > types: Assets, Liabilities, Equity, Income and Expenses.
> > 
> > ...
> > 
> > A GnuCash account must have a unique name (that you assign) and one of the
> > predefined GnuCash “account types”. There are a total of 12 account types in
> > GnuCash. These 12 account types are based on the 5 basic accounting types;
> > the reason there are more GnuCash account types than basic accounting types
> > is that this allows GnuCash to perform specialized tracking and handling of
> > certain accounts. There are 6 asset accounts (Cash, Bank, Stock, Mutual
> > Fund, Accounts Receivable, and Other Assets), 3 liability accounts (Credit
> > Card, Accounts Payable, and Liability), 1 equity account (Equity), 1 income
> > account (Income), and 1 expense account (Expenses).
> 
> (source
> https://gnucash-docs-rst.readthedocs.io/en/latest/guide/C/ch_accts.html?highlight=account%20types
> )
> 
> While it's trivial to create the first five accounts in GNU Cash, I can't find
> a way to add a top-level account for `6.0.0 - Other (Non-Operating) Income And
> Expenses` -- which itself needs to hold both Income *and* Expense sub-
> accounts.
> 
> How can I structure my GNU Cash Accounts with a top-level account named `6.0.0
> Other (Non-Operating) Income And Expenses` that can contain *both* an Income
> sub-account (eg `6.1.0 Other Revenue`) and Expenses (eg `6.1.2 Other
> Expenses`)?
> 
> (see also
> https://money.stackexchange.com/questions/154324/add-top-level-account-for-both-income-revenue-and-expenses-other-non-operat
> )
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