[GNC] Account tree

Michael or Penny Novack stepbystepfarm at comcast.net
Sat Jul 25 17:25:24 EDT 2026


PS:
> wWy would you wish to mix Income and Expenses?

Maybe accounting for a project/event. You might anticipate the 
project/event will be bringing in money for the organization BUT there 
are expenses associated with it. You'd like to see that all together. Do 
note however:

1) You can use "contra"  accounts to do this.

2) Even if you do place income and expense accounts traditionally you 
can produce a report showing just the income and expenses and net for 
this project/event by running a P&L with just the accounts related to 
the project/event selected.

Michael D Novack




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