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New account for each fiscal year?

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stevea
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New account for each fiscal year?

Thu Jan 21, 2016 5:36 am
I'm curious to know what other users do to manage simple bank accounts:

- open a new KMM account for each fiscal year or
- just keep adding to the same account

in the second case, seems like the account could become unmanageable after a few years ...
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izento
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stevea wrote:....
in the second case, seems like the account could become unmanageable after a few years ...

Why? KMM provides several filtering and reporting features!

I manage two chequing, one credit card and a cash account for about seven years now.
This includes hundreds or maybe thousends of transactions.

I doubt there is any benefit from creating new accounts for each FY rather it might be a problem to manage multiple accounts.


izento, proud to be a member of the KMyMoney forum since 2009
Better make things right than make things twice.
stevea
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OK thanks Izento that is good to know.

As you say with filtering you can just look at any time period of interest.


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