> On Jul 7, 2017, at 10:54 AM, Paul Leniston <[email protected]> wrote:
>
> I have just downloaded gnucash and am a little confused.
>
>
> I have two bank accounts, one in UK and one in Spain. Do I need a
> differrent common account for each one?
>
>
> In the UK bank I have three accounts. There is a current account, a deposit
> account and a credit card account. Do I need a different common account for
> each one.
>
>
> Finally I have two long term savings accounts at different banks. Do I need
> a different common account for each one?
>
What do you mean by "common account"? The placeholder that groups them?
Most folks group their accounts so that the accounts page summarizes their
assets in a way that makes sense to them. For personal finances there are very
few rules. If you want to see the totals by currency and bank you could do:
Assets
GBP
Bank1
Current
Deposit
Bank2
Savings
Bank3
Savings
EUR
Bank4
Current
Liabilities
GBP
Bank1
Credit Card
OTOH if you wanted to emphasize the holding term you might do
Assets
Current
GBP
Bank1 Current
EUR
Bank4 Current
Deposit
GBP
Bank1 Deposit
Savings
GBP
Bank2 Savings
Bank3 Savings
Liabilities
Credit Card
GBP
Bank1 Credit Card
For pure currency accounts the GBP and EUR placeholders are optional, but for
non-currency accounts (i.e. STOCK or FUND accounts) there must be a parent
account in the currency used to price the account.
Regards,
John Ralls
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