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On Tue, 2006-03-14 at 10:45 -0500, Derek Atkins wrote:
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<FONT COLOR="#000000">Wouter van Marle <<A HREF="mailto:wouter@squirrel-systems.com">wouter@squirrel-systems.com</A>> writes:</FONT>
<FONT COLOR="#000000">> Hi all,</FONT>
<FONT COLOR="#000000">></FONT>
<FONT COLOR="#000000">> I've a problem calculating assets of my small business properly. The</FONT>
<FONT COLOR="#000000">> issue at hand: I'm running an office on behalf of another company (not</FONT>
<FONT COLOR="#000000">> owned by me), and share this with my own company. As I do not have</FONT>
<FONT COLOR="#000000">> access directly to the money of this other company, I take care of many</FONT>
<FONT COLOR="#000000">> expenses related to running the office (rent, utilities, coffee,</FONT>
<FONT COLOR="#000000">> whatnot). Once a month or so I invoice this to the other company.</FONT>
<FONT COLOR="#000000">></FONT>
<FONT COLOR="#000000">> Now the problem is that I can not properly calculate the assets of my</FONT>
<FONT COLOR="#000000">> own company, and in the same time have a correct bank account. A snippet</FONT>
<FONT COLOR="#000000">> of my account tree:</FONT>
<FONT COLOR="#000000">></FONT>
<FONT COLOR="#000000">> - Assets</FONT>
<FONT COLOR="#000000">> -- Bank account</FONT>
<FONT COLOR="#000000">> -- Expenses/income my company</FONT>
<FONT COLOR="#000000">> -- Expenses/income other company</FONT>
<FONT COLOR="#000000">Um, Expenses aren't Assets. They don't belong here</FONT>.
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In so far: I do this to keep the sums in the bank account separate. These are sub-bank-accounts actually; so they DO belong there, as nothing gets charges against the second-level "Bank account". This as if there are two accounts in one. <BR>
<BR>
Wouter.
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