Sharing customers between GnuCash files

[Mike or Penny Novack]

> This doesn't sound like a trust account; it sounds like an ESCROW
> account.  I suspect it's not its own taxable entity, but is, rather,
> taxed as part of the business.  The advice given before is probably
> wrong.  I think the escrow account SHOULD be part of your business file
> and NOT tracked separately.
>
> But honestly, I'm not sure why you need this extra account?  Is there
> some canadian legal requirement to hold the funds in a separate account?
> Or are you just trying to figure out how to handle pre-payment by your
> customers?
>
> -derek
No Derek,

Even an escrow account is supposed to be in a separate bank account and 
it is NOT money of the business. Those funds are NOT legally considered 
part of the business (creditors of the business could not seize those 
funds).

"Co-mingling of funds" is one of the things lawyers sometimes get into 
big trouble about, not just in Canada but here in the States.

However I am a bit puzzled about the "invoice" issue. I would not think 
this is a good situation for automation, that a lawyer could safely 
consider that the "from whom" information was going to match the 
ultimate "customer" information << that the person asking for this 
thinks could always assume so perhaps indicates the kind of law 
practiced --- I don't think a lawyer practicing criminal defense would 
want to make that assumption. Or that these funds be automatically 
utilized toward paying invoices (they could be GUARANTEEING payment if 
the actual client fails to pay --- I've personally been there)

Michael