Setting Up Accounts WAS Re: Just a Quick help question on network drives please help

[Martin Richards]

Hi Thanks for your reply,

Firstly the Business account I set up is all fine and working the way I want it with no problems and I do understand how it works and yes a separate file..

my main problem as I said is my personal accounts which there are 4 of them

All accounts are bank accounts

Account 1 = Personal
Account 2 = Household
Account 3 = Savings Halifax
Account 4 is Savings Post Office

now like my business account each account as we know has income and expense so I have set it up as each account is separate and works well just like my business account but here is my problem i need the totals (amount left after transactions in each account) i.e. whats left in the 4 accounts to be added together giving me a grand total of money i have. e.g.

say Account 1 has 100

Account 2 has 150

Account 3 has 50

Account 4 has 100

total in all 4 accounts is 400

hence this is what I need to link totals in all 4 accounts to one account say all (total amount of money I Have) i.e. Total Assets which is totals from all accounts added together.

I hope this explains it better

Thanks in Advance

Martin


> On 29 Oct 2014, at 19:19, Tommy Trussell <tommy.trussell at gmail.com> wrote:
> 
> 
> On Tue, Oct 28, 2014 at 9:49 PM, Martin Richards <mixdoctor at rjrhythm.com <mailto:mixdoctor at rjrhythm.com>> wrote:
> Hi There,
> 
> I am very sorry its me again and yes I have looked and done a search on your site for the answers
> 
> Hi -- you sent this message to me alone, and I may not be as able to help as others on the list. 
> 
> I'm copying this question to the GnuCash User list AND updating the subject because you're asking a different question from your previous one.  If you respond, PLEASE be sure to use "reply-all" in your email program so everyone on the gnucash-user list gets to see it. We are all volunteers here and I'm no "expert"; you just happened to ask a question yesterday that I happened to remember had been answered before.
> 
>  
> but I am getting nowhere and this transition from windows to mac is becoming a head ace lol but I am on the last transition now ACCOUNTS. Yes my business accounts are all up and running smoothly as its basically cash in cash out as I am a D.J. so its only a small business.
> 
> My problem is now my personal banking I thought I could do it but I am getting negative figurers in All Accounts tab I set up so totally cocked this up hence I have deleted it and now trying to work out how to start again. I use an old windows program called money manager which you just add accounts to but I can’t see how to get it working on here so I am so sorry for asking please forgive me.
> 
> Anyway what I am trying to set up is 4 accounts going into 1 account let me please explain
> 
> All accounts are bank accounts
> 
> Account 1 = Personal
> Account 2 = Household
> Account 3 = Savings Halifax
> Account 4 is Savings Post Office
> 
> sounds simple eh well I thought so until sorting out a 5th account called Total Assets
> 
> basically all 4 accounts i want to enter in and outgoings in all 4 giving me a balance in all 4 that match up to my online banking which is no problem, I am not using sub accounts for income or expense just entering line by line credit or debit. The problem I have is getting it to the total asset account which is basically all the balances from 4 accounts into one account total assets hence telling me my total money by adding up the balance of the 4 accounts.
> 
> Yes it would be nice to have income and expense sub accounts on all 4 accounts as I could set some transactions to do automatically but to be honest I am not that cleaver with all these sub accounts yet I managed to do it for business account no problem but that was only one account not 4 into one total
> 
> I really hope you understand and I have explained what I am trying to do, Even if I have to pay your team to set this up for me I have no problem with that at all so can you give me guidance or help please and I do hope you understand what I am trying to do
> 
> Thanks in advance
> 
> Martin Richards
> 
> 
> No, I am sorry I do not understand what you want to do. It sounds like you may not yet understand "double entry" accounting. Every transaction you enter will affect at LEAST two accounts.
> 
> Also, all of your asset accounts will be subordinate accounts of Assets, all of your expense accounts will be subordinate accounts of Expenses, etc. I think unless you know already what you want to do, it's best to let GnuCash set up a set of accounts for you and you add to them until it looks like what you want to do. 
> 
> And if you have a business, I recommend setting up an entirely separate file OR set your personal accounts in a way recommended by a professional accountant who understands your situation.
> 
> I strongly recommend BEFORE YOU DO ANYTHING ELSE please read the GnuCash Tutorial and Concepts Guide 
> 
> http://www.gnucash.org/viewdoc.phtml?doc=guide <http://www.gnucash.org/viewdoc.phtml?doc=guide> 
> 
> and try the examples in that guide. Be prepared to start over "from scratch," and try some new things until you are comfortable with it.
> 
> P.S.: As far as I know there is no "team" who sets up GnuCash for people, though maybe you can find a local expert, or someone on the list, who understands your situation and will volunteer to help some more.
>