Art, >From an accounting perspective you can use any combination of sub-accounts you like/need to provide the information you need for either taxation and/or management purposes.
If there is no need to differentiate dividend and STCG for taxation purposes and you don't need to for your own investment management, then a single account should be fine. Using subaccounts for the separate STCG and LTCG categories with summing into a placeholder for capital gains should work fine or just using a "Dividends & STCG" and "LTGC" accounts would also work. You may have to adjust the depth of subaccounts reported in reports appropriately for the requisite accounts to appear in reports. Similarly with the asset accounts themselves . If there is any benefit in separating the asset accounts into separate categories then it is certainly OK to do so. If you gain nothing by doing so then it is equally OK to not categorize them by creating specific sub-accounts. If you are operating a business, business reporting requirements as well as taxation requirements in your jurisdiction may dictate the use of particular accounts and/or account names. David Cousens _______________________________________________ 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.
