"Capital Accounts" for partnerships

[Mike or Penny Novack]

>
>But then, how do I get gnucash to determine an individual owner/member's
>equity, taking into account profit/loss? Is that a manual process?
>  
>
Since how profits and losses are to be divided up among the partners 
depends upon the details of your partnership agreement how could you 
expect that to be other than a manual process? I suppose an accounting 
package designed specifically for partnership accounting could have 
places for you to enter "percentage of profit" and "percentage of loss" 
(not NECESSARILY the same) to automate the simpler sorts of agreements. 
But many partnership agreements for common sorts of professional 
partnerships (such as for a law firm) are MUCH more complex than that.

Michael