This was helpful; I didn't even know that there was an option to hide an account....
But how does one un-hide an account? (say a question arises about something in that account from the past?) On Fri, Apr 14, 2023 at 6:17 PM Gyle McCollam <gmccol...@live.com> wrote: > Michael, > Thank you, I forgot about hiding accounts. I'm aware there will be a > capital gain, but since it is personal finance, it is not taxable, just as > the depreciation was not deductible. I just like to write off assets that > go down in value over time. > > > Thank You, > > Gyle McCollam > > Gyle McCollam > > gmccol...@live.com<mailto:gmccol...@gyleshomes.com> email > > ________________________________ > From: gnucash-user <gnucash-user-bounces+gylemc=gmail....@gnucash.org> on > behalf of Michael or Penny Novack <stepbystepf...@comcast.net> > Sent: Friday, April 14, 2023 6:31 PM > To: gnucash-user@gnucash.org <gnucash-user@gnucash.org> > Subject: Re: [GNC] Deleting an account > > On 4/14/2023 4:51 PM, Gyle McCollam wrote: > > I have a fixed asset account for an automobile with subaccounts for the > purchase cost and depreciation. I am selling this car and purchasing a new > car. How do I delete the old car from my COA without messing up the > financials as there have been debits and credits to the 2 subaccounts. The > parent account at this point has a zero balance as the vehicle is fully > depreciated. > > > You don't delete it (it would indeed mess up all those transactions) > > It's no longer needed, balance is zero, just HIDE it. Do note that if > you dispose of this fully depreciated asset for a gain, you will have a > capital gain to record that transaction << but that wouldn't involve > this account >> > > > Michael D Novack > > > _______________________________________________ > 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. > _______________________________________________ > 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. > -- _________________________________ Richard Losey rlo...@gmail.com Micah 6:8 _______________________________________________ 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.
