Consolidated accounts
Brendan Simon
Brendan at BrendanSimon.com
Thu May 3 21:33:21 EDT 2007
I've got a number of small companies (that don't do much at the moment),
a couple of investment properties (in my name), a Family Trust with
associated company trustee, a Self Managed Superannuation Fund and an
associated company trustee.
Ideally, I'd like to be able to see the accounts of each of these
entities separately. ie. as if they were standalone businesses, etc.
However, I would also like to have them all consolidated, particularly
as my some of my main transaction bank accounts are used for multiple
entities (eg. savings and VISA is used for personal, properties and for
paying fees for companies, etc).
How can I use GnuCash to be able to view these entities individually and
also as a consolidated view. I'm think the entities would be:
Personal, Property1, Property2, Company1, Company2, Family-Trust,
Superannuation-Trust.
Can GnuCash do this?
Can I have individual databases for each entity, and then some kind of
consolidated database? I'm not sure if I would like this???
Can I have multiple entities within the one database with their own
Income, Expense, Assets, Liabilities, etc?
Example:
Personal
+ Assets
+ Savings-Account
+ Liabilities
+ VISA
+ Income
+ Salary
+ Expneses
+ Mobile-Phone
Property1
+ Assets
+ Savings-Account
+ Liabilities
+ Bank-Loan
+ Income
+ Rent
+ Expenses
+ Commission
Or do I have to have to split them like this? (presumably with some kind
of filter or report to see accounts for each entity).
Assets
+ Personal
+ Savings-Account
+ Property1
+ Savings-Account
Liabilities
+ Personal
+ VISA
+ Property1
+ Bank-Loan
Income
+ Personal
+ Salary
+ Property1
+ Rent
Expenses
+ Personal
+ Mobile-Phone
+ Property1
+ Commission
As another scneario, how would a parent company that owned other
companies/subsiduaries use GnuCash to report individual company
accounts, and then consolidated accounts ???
Thanks, Brendan.
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