Setting up business accounts
John Layman
john.layman at laymanandlayman.com
Thu Jun 3 11:05:53 EDT 2010
Just set your business accounts up in a second file. I have separate
'Business' and 'Personal' GNUCash files, and switching between them has
proven to be no problem. I use equity accounts in both files for recording
draws and contributed capital, and every such transaction in one file has a
corresponding transaction in the other. For example, a business meal in a
restaurant that doesn't accept the business American Express card becomes,
not an expense, but a capital contribution from the personal credit card
used. The expense is the second side of the capital contribution
transaction in the business file.
-----Original Message-----
From: gnucash-user-bounces at gnucash.org
[mailto:gnucash-user-bounces at gnucash.org] On Behalf Of Tarra Gilder
Sent: Thursday, June 03, 2010 3:57 AM
To: gnucash-user at gnucash.org
Subject: Setting up business accounts
Dear All,
I need a bit of guidence. I have been using Gnucash for my personal accounts
since April 2010 and I have just set up a business, with business bank
accounts and I want to add this to my Gnucash. I went through the druid,
which is fantastic, but it was attaching my existing personal accounts
(Bank, savings, credit card) to the new business accounts hierarchy. I
couldn't edit this so I cancelled out of it.
Can someone tell me how to set up the business accounts without having my
personal bank accounts and credit cards accounts attached to them? I want to
add my business bank accounts and credit card accounts to the business
accounts hierarchy.
Many thanks for your assistance.
Best regards,
Tarra
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