I use Gnucash for managing my finances.
When I receive a gift card, I assume that it should be it's own account as one of my Current Assets. However, once that gift card is fully spent or expired, what do I do with its account? Do I just leave the empty card in my accounts as clutter? Should I be moving it from Current Assets to some new category called Depleted Assets? Does Gnucash specifically have a way of dealing with this?
I imagine this would apply to any sort of account that is completely closed:
- Gift/reward/rebate cards that have been used up
- Service-specific currencies (poker, MMORPG games, Facebook, etc.) for services you no longer use
- Bank accounts that are closed when you switch to a new bank
What is the proper way to close an empty account?