[GNC] Can a bank account have sub-accounts?
Rich Shepard
rshepard at appl-ecosys.com
Mon Mar 13 10:03:17 EDT 2023
On Mon, 13 Mar 2023, Mort Q wrote:
> I act as Treasurer for a community organisation, and want to look for a
> way that GnuCash can subdivide the money in the bank account into planned
> expenses e.g. a few members do ongoing fund raising for equipment, so
> could I make a sub-account of the bank account called "Equipment
> enhancement"? When making a deposit, allocate that money to
> "Assets:Current Assets:Bank Account:Equipment Enhancement" instead of the
> currently-used "Assets:Current Assets:Bank Account".
Mort,
Why not have multiple asset accounts? For example, "Checking," "Equipment,"
"Petty Cash?" When you make a deposit you can split it among all pertinent
accounts.
They're not sub-accounts of a checking account, for example, but idividual
accounts. It's similar to a set of expense accounts; e.g, Rent, Utilities
(which would have sub-accounts for Electric, Gas, Water, Garbage or whatever
utility expenses you have), Repair & Maintenance, etc.
HTH,
Rich
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