Running separate accounts in the same Gnucash program

[Gregory Forster]

What I would do, is create a personal account, using your name and 
manually post transactions in your main account from your combo 
account.  Then delete those transactions from your combo account. It 
sounds long and tedious, but it's worth it.  I ALWAYS told my clients to 
keep their personal and business accounts separate. Of course few 
listened, until I started to charge them extra for the time I spent 
segregating their business income and expenses from their personal 
income and expenses.

When you create another business account, say like Beaufort's Floral 
Arrangements and Supplies.  Just call it, BFAS. Switching between 
different account can easily be done by ALT-F and changing which account 
you want.

I also use Truecrypt to encrypt my GNUcash files for all entities. Grant 
it, now I just have my personal account and the church account.  Though 
Truecrypt is no longer supported, I still use it for added security.

Greg

On 5/1/2015 6:06 PM, Michael Hendry wrote:
> On 1 May 2015, at 22:25, Courtney Perry <coujen963 at yahoo.com> wrote:
>> Currently my personal finances and my business finances run in the same file: gcashdata_1.gnucash.1. How may I now separate my personal finances from my business?
> I’ve never done this (nor have I had need to do so) - you might be better to wait for advice from someone who’s travelled this particular path.
>
> I think you’d be best to run the accounts as they are until the end of the financial year, and at that point create two entirely new files, one for your personal and one for your business. The starting balances for the new files will be the ending balances for the appropriate accounts in the old files.
>
>
>> 2. How can I add a new (2nd) business and run it separately from my current personal and business finances?
> File=>New
>
> Michael
>
>> My operating system is Windows 8.1 and I am running Gnucash 2.6.6
>> And thanks for the explanation on setting up the desktop icon, it worked.
>> Courtney
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