Joint Asset in an Individual Chart of Accounts
Mike or Penny Novack
stepbystepfarm at mtdata.com
Mon Aug 4 12:18:49 EDT 2008
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>
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>Does anyone on this list have any other suggestions or experience with
>using CG to account for this kind of relationship? (common vs individual
>assests), or any comments on the choices I articulated above?
>
>Thanks,
>
>Lincoln
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>
I can't see anything about GnuCash that would make this the least bit
harder than were you accounting for being a partner in a partnership.
Likely there may be some people on this list who are using GnuCash for
both keeping partnership books and their personal books (reflecting
their partial interest in the partnership).
I can't help repeating this, but GnuCash can't help you set up books
that you didn't know how to set up were you working the old fashioned
way with pen and ink on paper. GnuCash makes the process of entering
transactions easier and less prone to error (checking arithmetic and
balance as you go) but it can't design a chart of accounts to suit your
particular purpose. You either need to get somebody who is experienced
(or a professional) set that up for you or you learn that much
accounting to be able to do it for yourself.
What GnuCash possibly COULD use is a "book" covering basic accounting
and that could have special reference to GnuCash.
Michael
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