setting up combined personal & business

Bob Allen boballen at ksc.th.com
Thu May 25 23:40:50 EDT 2006


Richard Dawson wrote:
> 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.
>   
Why not set up another account for you partner. you can then see all of 
his/her transactions.

Bob.
> 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?
>
> Richard Dawson.
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