Small biz: personal vs. company accounts hierarchy?
Chris Shenton
chris at shenton.org
Fri Mar 26 10:06:42 EST 2004
Derek Atkins <warlord at MIT.EDU> writes:
>> So how do I set up accounts for me (the human) versus the LLC?
>
> Two files.
Makes sense. Are these two files totally distinct? That is, if I open
the LLC file and enter an expense to pay the human, does that create a
corresponding transaction in the file for the human? Or do I need to
enter the same payment in both files, separate, creating a potential
for data entry inconsistency?
> I'd recommend an accounting-101 book.. Or at least read the Gnucash
> Manual.
Just picked up the (gasp) Idiot's Guide to Finance and
Accounting as suggested by other posters here recently.
Many thanks.
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