[moneydance] Child of?

[John W. Foster]

On Wednesday 27 June 2007 22:47, Yehudit Winiarz wrote:
> Ok, so for example, under expenses I could list "Home", and the children
> would be "rent/mortgage, home maintenance, home insurance, home
> furnishings, etc." right?
> If that's the case, I think I understand the expenses/income part. However,
> I'm still stuck on the bank accounts. Are there other reasons why someone
> would use the bank accounts as parents/children of each other? How does
> that help us use the program, and how are the funds reflected for the bank
> account if done this way?
>
> Thanks again,
> Yehudit
-----------------------------stuff snipped---------------------------------
I have read all of the items in this thread & they are extremely good 
explanations. I want to add to these by saying: that the "child of account" 
feature, though very useful for personal use, is  really is an absolutely 
essential feature for those of us who use MD as part of our 
accounting/banking systems for running a business. These are nested 
sub-accounts that are designed for separating a group of transactions in the 
general ledger into the various necessary levels of a chart of accounts. As 
an example, I have set up all of my MD accounts to match the ones that I 
imported into SQL-Ledger from the American Home Builders Association & the 
entries are exported weekly from MD & then imported into SQL-Ledger.  Thus MD 
serves as the /Banking part of my bookkeeping system. This is extremely 
accurate & saves a lot of keypunching.
Best wishes!

-- 
John W. Foster