At the least, the informal labels change. (thus, when *not* using
Debit/Credit)
There used to be a feature that allowed for adding an interest
transaction for checking accounts when using the reconciliation feature.
I seem to recall it being problematic, and so I think it was disabled,
but I can't be certain. That would only have triggered for accounts of
type 'bank'. (there is a comparable feature for 'credit card' type
accounts) But if you aren't reconciling, I wouldn't think that matters
anyway.
I don't know of any other particular reason you would want to use the
special cash and bank types.
Regards,
Adrien
On 7/2/24 2:19 PM, Stan Brown (using GC 4.14) wrote:
Executive summary: Cash and my checking and saving accounts are assets.
What difference does it make if I assign them account types of Cash and
Bank respectively, or just assign all three an account type of Asset?
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