Top level account without any type (or file links)
Mike or Penny Novack
stepbystepfarm at mtdata.com
Wed May 16 08:33:18 EDT 2012
Dr. Muhammad Masroor Ali wrote:
>Dear Michael,
>Thanks for your answer.
>
>Perhaps you are carrying it a bit too far.
>
>While I plan to use this for the partnership scenario, actually I will have
>to manage three separate entities, each having a number of partners. The
>three entities have some kind of financial dependency among them and the
>intersection of partners among the three entities is non-null.
>
>
I think I know where you are coming from --- bookkeeper effort. It is
NOT just that these three entities frequently have financial
transactions between them and perhaps some overlap of partners BUT just
so happens same bookkeeper. So you'd like to reduce the work on the
bookkeeper by having everything in one set of books.
Sorry, but that's a bad solution. It doesn't matter that there is a lot
of interaction, all three entities should be private data. And even if
at the present time they share a bookkeeper that would not necessarily
be true in the future. Yes, separate books does mean that transactions
between two entities have to be entered in each entities books just the
same as if there was just a normal business relationship and different
bookkeepers were doing the entering.
Michael
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