[GNC] Consolidation of family member accounts

[Fred Tydeman]

Based upon my usage of keeping three separate "trusts" in the same one
file/book,
If multiple family members own the same stock,
then the Trading transactions will be a pain to keep correct.
I gave up and went with three separate files/books.

On Mon, Aug 14, 2023 at 12:00 PM James Thomas <travis716 at gmail.com> wrote:

> I’m not sure why you’re maintaining separate books for each family member
> but it occurs to me that, rather than keeping them separate and having
> trouble combining when you want, you might try keeping all the accounts
> together but giving each a different name (perhaps just add each  family
> member’s initials before each account name). Then you could produce
> statements which included only those accounts pertaining to one entity at a
> time.
>
> You could even make each entity account subsidiary to its master account
> which (the master accounts) would then be the sum of all combined and could
> be displayed exclusively in the combined entity statements.
>
> Without trying it myself I’m not sure how many challenges might arise out
> of this but it might be worth giving a shot.
>
>