setting up combined personal & business
rcdawson at att.net
Thu May 25 23:23:33 EDT 2006
I keep my personal accounts in gnucash and I keep track of the finances of a
rental co-owned with another person.
I understand how to set up my own accounts. I can set up a separate set of
accounts for the business (in a separate gnucash account). I would like to
combine them into one gnucash file so that if I write a check, say for the
rental mortgage, it comes out of (credits) my personal checking account and
goes into (debits) the mortgage account. At the same time I would like have
a similar amount credited to the appropriate owner's equity account.
If the co-owner were to make a payment against the mortage, I would just
credit that owner's equity account and debit the mortgage account.
I can set up two independent accounts, but then I have to enter any
transactions affecting my personal account and the business account twice,
once in each file. Is there a way around this?
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