Jens, This is strictly an accounting question as the accounting solution will be very dependent upon the legislation governing the trust in your jurisdiction.
Generally speaking an entity whch has to file a separate tax return is likely to be a separate legal entity and as such should really have its own set of books. As you indicated there is no entity top level in GnuCash so the only way you could keep the accounts in a single book is as you proposed using subaccounts for each entity under the top level accounts. This would make producing separate reports for each entity fairly complex. Becasue of the possible legal implications with the trusts, I would consult an accountant and/or lawyer familiar with your jurisdiction, who can advise you how the records should be kept for legal compliance and whether books should be totally separate. There are usually fairly serious sanctions on a trustee if you do the wrong thing with trust accounts, even accidentally. You can run with multiple instances of GnuCash, open at the same time so it is concievable to operate several books and switch between them as required to create the corresponding entries in each set of books when you transfer money between entities . David Cousens ----- David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
