[GNC] Transfer between two account files and Hierarchy

Grace grace at bernevyl.com
Sun Dec 1 13:58:32 EST 2024


My situation is that I have personal accounts (CAD), a small business 
account (USD) and some trading accounts (CAD and USD).

I think I already know the answer, but is it possible to have a 
transaction across any two of the separate files, i.e. pay salary from 
the small business account file to the personal account file.

Presuming that it is not possible, I would need to have all three in one 
file. Which hierarchy would work best? Opinions on a post card please!! :)

Is it "better" to group by currency or ASSET/INCOME/...?

ASSETS
     CAD Assets
         Personal Account - PA
         Trading Account - TA
     USD Assets
         Small Business Account - SBA
         Trading Account - TA
INCOME
     CAD Income
         Personal Account - PA
         Trading Account - TA
     USD Income
         Small Business Account - SBA
         Trading Account - TA
EXPENSES...
etc...
-----------------------------------------

OR
CAD ASSETS
     PA
     TA
CAD INCOME
     PA
     TA
CAD EXPENSES
     PA
     TA
etc...

USD ASSETS
     PA
     TA
CAD INCOME
     PA
     TA
CAD EXPENSES...
etc...
---------------------------------------------


OR
CAD
     Assets
         Personal Assets
         Trading Account Assets
     Income
     Expenses
     Liabilities

USD
     Assets
     Income
     Expenses
     Liabilities
--------------------------------


OR
Personal Accounts
     Assets
     Income
     Expenses
     Liabilities

Small Business
     Assets
     Income
     Expenses
     Liabilities

Trading
     CAD
         Assets
         Income
         Expenses
         Liabilities
     USD
         Assets
         Income
         Expenses
         Liabilities
---------------------------------------

OR
Personal Accounts
     Assets
     Income
     Expenses
     Liabilities

Small Business
     Assets
     Income
     Expenses
     Liabilities

Trading
     Assets
         CAD
         USD
     Income
         CAD
         USD
     Expenses
         CAD
         USD
     Liabilities
         CAD
         USD

Am I over thinking this??

Thanks for your input

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