First thing to note is that it's fairly trivial to convert account names
(assuming you're handy with your editor, regex, sed, or any other string
processing method).

That being said, the main difference between Income:Type:Institution and
Income:Institution:Type is what the main group is.

Using 'Institution' as the main group means you have an overview
amount/transaction list per institution. So you know how much 'business'
you do with a particular BankA, and how much of your net worth currently
resides in that bank. In my country, for example, automatic government
insurance on deposited amount is per-institution, so I can immediately see
if my total deposits in various types of accounts is close to that limit
(at which point moving some funds to another institution makes sense).

Using 'Interest' as a main group has a different utility, as it allows easy
viewing of how much interest you actually made, across all institutions.

Of course, a quick query can 'solve' both of the above, whatever your
structure. So no, it doesn't really matter much at the end of the day. I
prefer the recommended way because I use fava exclusively and it displays
nicely there without me having to write a query.

On Sat, Apr 15, 2017 at 4:28 AM, <[email protected]> wrote:

> I started to use Beancount some time ago without reading entire
> documentation. Thus, I have Income accounts grouped by income type. E.g.
>
> Income:Interest:MyBank:Savings
> Income:Interest:AnotherBank:Savings
>
> But I have found that Beancount doc recommends grouping Income accounts by
> institution.
>
> What advantages does this approach have?
>
> Thanks.
>
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