Account type to isolate some transactions
Charles Gagnon
charlesg at unixrealm.com
Tue Dec 14 22:02:05 EST 2004
Setting up a small homebased business that will not have it's own
Bank accounts just yet. I would a way to isolate the cash, expenses
and income accounts for this entity. Let me know if you think this
makes sense:
Global Assets/(various bank accounts)
Global Liabilities/(various loans and CC)
Entities/
Persornal/
Cash/
Income/
Expenses
CompanyA/
Cash/
Income/
Expenses/
Basically, this is the step before I break into a seperate file. For
now, since both entities use the same bank accounts, it would be too
hard to have them in a seperate file.
Any feedback? Is it a bad idea? If I was to break it up this way,
what kind of account would I use?
I know I could do:
Expenses/
Personal/
CompanyA/
Income/
Personal/
CompanyA/
...
But for some reason the first way seem to make sense to me.
Thanks.
--
Charles Gagnon | My views are my views and they
http://unixrealm.com | do not represent those of anybody
charlesg at unixrealm.com | but me.
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