Business acct.

[Trenton Hall]

ok, so, I've started a separate data file for Notary work. Since I don't
have a checking/savings just for this, is there a way to
connect the personal checking/savings accounts w/the notary income, since I
deposit notary income into my personal checking/savings or cash in some
cases.  I actually have another program that does track notary income and
jobs, though not to my liking.   I'm sort of experimenting w/GC to see if I
can use this for both or just back up for notary work.

On Fri, Apr 27, 2012 at 7:16 AM, Maf. King <maf at chilwell.net> wrote:

> On Fri 27 April 12 06:53:47 Trenton Hall wrote:
> > This is where I'm a little confused. Are you saying I can set my Notary
> > income up within the personal
> > without going into the "Business" cat.?
> >
>
> Hi Trenton,
>
> When you set up a new GC datafile (set of books), you are given the option
> to
> include any of the pre-defined sets of accounts.
>
> It is up to you -  if you think they are suitable go ahead and add them.
>  If
> it looks like they don't apply, then don't use them.
>
> You are free to modify the GC "chart of accounts" at any time, either by
> adding/removing/re-parenting or renaming any account to suit your needs and
> prefenences.
>
> From the main "Tree" view of the accounts list,  either use the menu
>
> Actions -> New Account or Edit -> Edit Account / Delete Account
>
> or the toolbuttons Edit/New/Delete
>
> Note.
> Tax authorities usually like to keep each "taxable entity" completely
> separate.  If you and your notary business report on the same piece of
> paper
> then there should be no problem to combine the books, but if the notary
> services are viewed as some form of distinct tax entity (company,
> partnership
> etc) it may be a good idea to use 2 GC datafiles right from the start.
>
> HTH,
> Maf.
>
>