[GNC] New Accounts

[Steve Butler]

The answers depend on how you want to proceed.  If the two Bitcoin accounts
are separate businesses, then you may want to keep their transactions in
their own file (sorta like having different spreadsheets) but using the
same program.

However, if these are all personal accounts, then just set them up as
different accounts under your main asset account in the same file (or
accounting book).

It may make more sense to lay out your chart of accounts (COA) on paper
first.  Use one sheet for all things/accounts considered as an ASSET.
Different sheet for INCOME, a third for EXPENSES and the fourth for
LIABILITIES.

That way you can move them around and group them as necessary to reflect
how you do life.

Run it past your tax person so they are comfortable with how you organized
things for when you drop off your Balance Sheet and Income Statement.

--Steve

On Mon, Jan 13, 2025, 09:02 promethean--- via gnucash-user <
gnucash-user at gnucash.org> wrote:

> I have a very basic question. I am new to GnuCash since Quickbooks will
> not run on Linux and I want to have my own ledger as opposed to a cloud
> solution.
> I have three different banks that I have checking accounts with. One I use
> just for personal/household use.
> The other two I have set up specifically to fund Crypto transactions.
> How do I need (and how do I go about) set up these accounts? Do I need
> three different and separate GnuCash programs? Can I set up the three
> accounts within one program? Is there an alternative solution?
> What is the best way to go?
> Thank you for sharing your time and information.
>
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