[GNC] Can a bank account have sub-accounts?

[Michael or Penny Novack]

On 3/13/2023 5:47 PM, Vincent Dawans wrote:
> This sort of fund accounting is typically taken care of by using the 
> analytical dimension feature offered by some accounting softwares. 
> Unfortunately gnuCash doesn't have that feature (yet).
> Here is an article somewhat explaining how it works (for a different 
> accounting package): 
> https://www.bakertilly.com/insights/tame-your-wild-not-for-profit-chart-of-accounts-with-dimensions

That was not the situation this person was asking about.

Non-profits often have "restricted" donations, funds donated that are 
only usable for certain purposes. That restriction can be formal/legal, 
in which case really should be kept in a segregated account. But a small 
non-profit might have not enough to bother with that and might have some 
funds only "morally restricted" (can, in emergencies, used for other 
purposes).

Even when restricted funds kept in a separate account, if a small 
org/small amounts the several restricted funds might be kept in a single 
account.

Michael D Novack (who has been treasurer of several 501(c)3 orgs