Profit & Loss

[tbullard]

Makes since, I set up account in sales, as expenses are determined I go to
the sales account, transfer expense to correct expense account, I notice it
shows up in expense account as a rebate?
When I pay expense about from checking it them zero's the expense account.
Is this correct?


Hendrik Boom-2 wrote:
> 
> On Thu, Dec 17, 2009 at 06:52:26PM -0800, tbullard wrote:
>> 
>> I just set up and started using GNU Cash today so I am green as grass.
>> The only accounting software I have used was on my past job, Peach Tree
>> Manufacturing Software.
>> 
>> Now I run a home based business and my needs are much simpler.
>> So far I find the GNU software to be intuitive and easy to set up and
>> work
>> with.
>> 
>> But I have not been able to figure out how to tag expenses to a job.
>> My main concern is keeping up with check book, generating invoices,
>> posting
>> payments, and monitoring expenses. GNU Cash does all of this easily.
>> 
>> But can I track profit and loss, per job?
>> Example: I just did an inspection. I have lab fees and trip charges. I
>> will
>> have to pay mileage to the person that did the inspection. When I write
>> the
>> check for the lab fee I transfer to account Expenses:Outside Services but
>> how do I tag the job?
> 
> Set up (a) separate account(s) for each job?
> 
> -- hendrik
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