Creating Several Accounts

[Michael Ferrara]

If the entities are small and all owned by you, it is possible to represent
them all in a single file by making each entity a top-level account. You
may group business income and expense accounts together under one top-level
'profit' account. Similarly you may group assets and liabilities for a
particular business under a top-level 'balance sheet' heading. You can
repeat this for each entity and have a nice tree of accounts that doubles
as a report. Use a master equity type account if you need to keep notes on
cash flow and to close the books periodically when you need to tie the
whole story together.
On Jan 27, 2015 2:53 AM, "John Bunker" <pastorbunker at sbcglobal.net> wrote:

> Hello,
> I am wondering the best way to start using GNuCash.
>
> I have two different business accounts.
>
>
> One is a service type account (invoicing for services rendered).
>                I pay myself out of this account
>
>
> The other is a non profit account that i use to keep track of donations
> made
>                I pay myself out of this account as well, but also must
> keep track of and make payments for housing allowances, and other things as
> well
>
> So then i have a personal account that I use for all of my personal
> transactions
>
> Can i use one file for all of these, or do i need to use separate files?
>
> Any guidance would be appreciated
> John
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