Consolidated accounts

[Wouter van Marle]

Dear Brendan,

I am doing very much that - just a little different. And that works
great.

My situation:
- I have my own company, with bank account, cash account, credit card,
various assets, invoices, etc.
- I am managing a second company (not my own) through those same
accounts. Thus I have a Liability tree that holds all their expense and
income accounts.

The bank account is split:
Assets
	- Bank account
		- Company 1 (my own)
		- Company 2

So the account Bank gives me the actual balance (should be the same as
what the bank tells me), and the two Company accounts give the amount
owned by the various companies.

In your case: the problem may be keeping separate profits, if you would
need to do that. But I don't see that as something you can't solve in
the reports, just select the appropriate accounts.

The credit card I also use for personal expenses, so there I have even
three children. Personal expenses I just book on equity in that case.

So all in all I think this is no problem for GnuCash. It's quite
flexible.

Wouter.

On Fri, 2007-05-04 at 11:33 +1000, Brendan Simon wrote:
> 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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