Developing an activity as an independent worker : Use the personal File or create a separate one ?

[Thierry Lelièvre]

Thanks to Dave and Derek for their answers, as they are complementary :

In my case (different tax system for my activity and need for related
reports), I plan to make a separate file and double-entry the personal
investment and money transfers (such as starting capital) in each file.

Always surprised by this forum's reactivity !!!

Thierry

Le mar 12/10/2004 à 10:21, Derek Atkins a écrit :
> Hi,
> 
> Thierry Lelièvre <thierrylelievre at free.fr> writes:
> 
> > As I am about get a new job where I would work as an independent worker,
> > I will have to carefully follow all the expenses and revenues related to
> > this activity ; so my question is : do I have to create new accounts
> > (related to the new job) in my current personal file or is it better to
> > create a completely separate file. In the latter case, is there a way to
> > links the two files ?
> >
> > Any advice or return of experience would be greatly welcome !!!
> >
> > Thierry
> 
> The question I would ask myself: are these two entities (you as your
> family and you as the employee) taxed differently?  If the answer is
> yes, then I would use two separate data files.  If the answer is no,
> then I would just add extra accounts for my personal data file.
> 
> In the former case the only way to "link" the files is to enter double
> transactions -- you manually enter a transaction in the business data
> to transfer money to/from your personal accounts, and then you enter a
> transaction in your personal accounts to reflect that same transfer.
> Gnucash will not do this automatically for you.
> 
> Hope this helps.
> 
> -derek