Chapter 3. Accounts

Table of Contents

3.1. Basic Accounting Concepts
3.1.1. Balance Sheet Accounts
3.1.2. Income and Expense Accounts
3.2. GnuCash Accounts
3.2.1. Balance Sheet Accounts
3.2.2. Income and Expense Accounts
3.3. Putting It All Together
3.3.1. Simple Example
3.3.2. The Basic Top Level Accounts
3.3.3. Making Sub-Accounts

This chapter will discuss some useful concepts for organizing your accounts. Since GnuCash does not impose any specific account tree layout, you are free to design your account structure in any manner you wish. However, there are a few basic accounting concepts which you will probably want to follow when designing your accounts to maximize their utility.