As the GnuCash help page suggests, not all assets are equal, in that there exists different levels of asset liquidity.
One use of this is the presentation of assets on the balance sheet. The greater the liquidity of an asset, the closer to to top the asset is listed. Personally in GnuCash I assign "Asset" to each asset, but now I'm wondering if I've limited my ability to use some nice features of GnuCash. Then again, if it's just about user interface, and similar, then I'm not missing anything that is important to me. > On 10/02/2024 9:43 AM PDT R Losey <rlo...@gmail.com> wrote: > > > Perhaps I'm being overly dense here... > > Cash, Bank Accounts, etc are sub-elements of Assets. > > So certainly, GnuCash treats assets the same - an asset is an asset. > > But once you divide assets up - in any way - you are treating them as > different things... therefore, > "Is 'Cash on Hand' an asset?" - Yes. > "Is it treated like other assets?" - Yes. > Is it the same thing as some other asset? - No > > > Just seems to me that we are trying to distinguish between a head category > (Asset) and its various sub-categories (Cash on Hand) -- this is not really > a like-to-like comparison. > > On Wed, Oct 2, 2024 at 11:05 AM Brook Milligan via gnucash-user < > gnucash-user@gnucash.org> wrote: > > > Is it really the case that the _only_ impact of account type is to change > > the headings in the GUI? > > > > Cheers, > > Brook > > _______________________________________________ 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.
