Fwd: Multi-company accounting - shared account
Conor McGarry
conormcgarry at gmail.com
Thu Feb 26 05:23:21 EST 2009
Hi Marcus
The companies don't share accounts.
Given the current GnuCash setup, having only 1 root account to hold all the
other accounts doesn't allow me to properly setup multi-companies within the
one file. Equity, Income&Expenses and Assets&Liabilities cannot be mixed
within the same tree.
Also, the accounting entry for an intercompany transaction has at least 4
splits.
e.g. A pays B €1, the accounting entry would be as follows:
*Company A*
Credit cash €1
Debit intercompany loan €1
*Company B*
Credit intercompany loan €1
Debit cash €1
On Thu, Feb 26, 2009 at 8:08 AM, <marcus.wolschon at googlemail.com> wrote:
>
> Mr McGarry,
>
> one question: Do any of your (shell-)companies share accounts?
> Like having common bank-accounts, company-credit-cards or
> common liabilities of suppliers?
>
> Marcus
>
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