[GNC] How to record 'balancing' trnsactions?

[Michael or Penny Novack]

On 7/12/2023 4:45 PM, Chris Green wrote:
> On Wed, Jul 12, 2023 at 02:25:33PM +0100, Paul Feakins wrote:
>> On 12/07/2023 13:55, Chris Green wrote:
>>> On Wed, Jul 12, 2023 at 01:19:41PM +0100, Paul Feakins wrote:
>>>> Why would you have 2 separate instances of GnuCash rather than simply 2
>>>> Asset accounts?
>>>>
>>> Why not?  :-)
>>>
Chris, helping you MIGHT well include questioning why you have two 
instances. Like I said, I have done this so know some of the good reasons.

The folks trying to help by saying you should only have one set of books 
are correct, simpler, easier. IF YOU CAN. For example, is your building 
committee only allowed to see building fund transactions?  Your board 
not allowed to see how building fund invested? Those WOULD be reasons 
for separate books in spite of the extra work entailed.

Just because you can not a good enough reason unless you are an 
experienced enough bookkeeper not to need "how" help. Understand? I help 
non-profits and would help you with the "how" IF NEEDED. So you'd have 
to convince me you need two sets of books.

Michael D Novack

PS -- Most orgs of your sort have the reverse problem, several distinct 
"restricted" funds with the money kept in just one bank account (not a 
separate account for each as a large org might have) or even in the 
operational account (and of course all checks/deposits to the 
operational account)