On Mon, Mar 14, 2022 at 10:21 PM melb...@gmail.com
> I am hoping to understand how other folks setup their accounts/sub-accounts and from it see if I can do something better to layout my accounts. Of course, there is no write or wrong answer and I can do whatever I wish.
> I feel inundated by the number of expense accounts I have and I am wondering if I can do something else - perhaps using tags. Though then I might just be moving the problem from one place to another.
I will start by echoing Mr. Marcin - - - - your books have to be
useful for YOU.
So - - - if you have too many accounts - - - well then you need less accounts.
How many accounts you need is highly dependent on how you're using
your books. So you need to answer that question for yourself first. Then, and
only then can you go on to check your list of account.
Just for perspective - - - my document with a list of all my accounts
- - - well it
does include explanations so every line isn't an account - - but - - -
the doc is
some 58 pages long. Before you shriek in horror - - - that covers some small
businesses and my personal stuff. Its that detailed because I really do want
to know where the money goes and all the accounts make for great clarity.
Are all the accounts necessary - - - - well there are about some few hundred
accounts - - - the rest are subaccounts.
Its all about what works for you and your needs.
So - - - get creative - - - and - - - - when you're done with that - -
- why let us
know what you did and how your changes helped you. Then not only do you
benefit but then others here will get the benefit of your experimenting.
This list is a wonderful tool that I very much rely on for getting done what I
need done in my recordkeeping!!!