Fwd: Multi-company accounting - shared account
Derek Atkins
warlord at MIT.EDU
Thu Feb 26 10:26:09 EST 2009
Hi,
Conor McGarry <conormcgarry at gmail.com> writes:
> Hi Derek
>
> Ideally, each company should have its own file. My original request was to
> somehow link these.
Yeah, unfortunately there isn't a great way to do that.
> Company Law in Ireland requires a company to maintain sufficient records of
> each transaction so that it can provide a P&L, Balance Sheet and Cash Flow
> Statement and comply with FRS accounting standards.
Probably true.
> If all the companies' bookkeeping was kept within the same file, I doubt that
> I would be in breach of any laws.
I would still ask a lawyer or tax accountant about it, just to
be sure.
> If a company were to be transferred out of our group, it wouldn't matter too
> much as this wouldn't likely happen often, and it would be a once off event
> for that company. Reconciling intercompany transactions is an everyday
> event. If a company were to leave our group, it would essentially be just a
> case of exporting that company's sub-accounts from the "group" GnuCash file
> into an Excel file for the new bookkeepers.
Unfortunately there's not a good way to just export the
company sub-accounts..
-derek
--
Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
Member, MIT Student Information Processing Board (SIPB)
URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH
warlord at MIT.EDU PGP key available
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