[GNC] Reorganize Trading accounts

[Alex Aycinena]

Most people would have separate books for a business and for personal,
possibly also the trust, if it has its own Tax ID (at least in the US).

Alex

On Sun, Apr 23, 2023 at 9:00 AM <gnucash-user-request at gnucash.org> wrote:

>
>
> ---------- Forwarded message ----------
> From: Fred Tydeman <tydeman.fred at gmail.com>
> To: Gnucash Users <gnucash-user at gnucash.org>
> Cc:
> Bcc:
> Date: Sun, 23 Apr 2023 09:36:29 +0300
> Subject: [GNC] Reorganize Trading accounts
> When I first setup my file, all of the investments / securities were
> organized by type:
>   Cash-US
>   Cash-International
>   Bonds-US
>   Bonds-International
>   Stock-US
>   Stock-International
>   RealEstate-US
>   RealEstate-International
>
> Sometime later, I learned about Trading accounts, so turned on that
> feature.  I noticed that the Trading accounts mirrored the Securities
> organization.
>
> However, with my initial setup, I am finding it difficult to produce
> some reports.  So, I am thinking of redoing my chart of accounts.
>
> I have a business, a trust, and my personal items.  Both the business
> and the trust are passthru items for income tax purposes.  So, for a
> tax report or a net worth report, it would be best if all three were
> in the same file.  But, for balance sheet or income statement, it would
> be best if the business and trust were each in their own file.
>
> The problem is some Trading accounts are a mixture of transactions from
> personal, business, and/or trust.  I need to seperate them so I can do
> correct balance sheets.
>
> So, I am thinking of three sub-accounts:
>   Personal
>   Business
>   Trust
> under each of:
>   Assets
>   Liabilities
>   Equity
>   Income
>   Expenses
>   Trading
>
> That way, it is easy to pick subsets of accounts (and their children)
> for the balance sheet or income statement reports.
>
> Can I redo the Trading accounts setup and still have things work OK?
> Do I also need to redo how the securities are organized?
>
> Aside:  It is possible for the same security to end up in:
>   Personal - taxable
>   Personal - tax deferred (regular IRA)
>   Personal - tax free (Roth IRA)
>   Trust - taxable
>
>