How do I create a top-level account in GNU Cash that can hold both Income *and* Expenses in its subaccounts?
IFRS (and US GAAP) don't directly publish example Chart of Accounts, but I find it common to use some standard top-level account number prefixes. For example: * https://en.wikipedia.org/wiki/Chart_of_accounts#Example_Chart_of_Accounts * https://www.ifrs-gaap.com/universal-chart-accounts-0 1.0.0 - Assets 2.0.0 - Liabilities 3.0.0 - Equity 4.0.0 - Operating Revenue 5.0.0 - Operating Expenses 6.0.0 - Other (Non-Operating) Income And Expenses \_ 6.1.0 Other Revenue And Expenses \_ 6.1.1 Other Revenue \_ 6.1.2 Other Expenses The GNU Cash docs say that an account must be one of five account types > As we saw in the previous chapter, accounting is based on 5 basic account > types: Assets, Liabilities, Equity, Income and Expenses. > > ... > > A GnuCash account must have a unique name (that you assign) and one of the > predefined GnuCash “account types”. There are a total of 12 account types in > GnuCash. These 12 account types are based on the 5 basic accounting types; > the reason there are more GnuCash account types than basic accounting types > is that this allows GnuCash to perform specialized tracking and handling of > certain accounts. There are 6 asset accounts (Cash, Bank, Stock, Mutual Fund, > Accounts Receivable, and Other Assets), 3 liability accounts (Credit Card, > Accounts Payable, and Liability), 1 equity account (Equity), 1 income account > (Income), and 1 expense account (Expenses). (source https://gnucash-docs-rst.readthedocs.io/en/latest/guide/C/ch_accts.html?highlight=account%20types) While it's trivial to create the first five accounts in GNU Cash, I can't find a way to add a top-level account for `6.0.0 - Other (Non-Operating) Income And Expenses` -- which itself needs to hold both Income *and* Expense sub-accounts. How can I structure my GNU Cash Accounts with a top-level account named `6.0.0 Other (Non-Operating) Income And Expenses` that can contain *both* an Income sub-account (eg `6.1.0 Other Revenue`) and Expenses (eg `6.1.2 Other Expenses`)? (see also https://money.stackexchange.com/questions/154324/add-top-level-account-for-both-income-revenue-and-expenses-other-non-operat) _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
