Beginners question, confused between real bank accounts and gnucash accounts

[Maf. King]

Hi Nicolas.

Is the business a separate legal entity?  (it may make a difference, depending 
on your local rules & regs - you may not  actually be paying "salary", for 
example)

Without getting into the whys & wherefores, and using the accounts you 
describe, I think you need a 4 way split transaction.  Effectively, the 
business should show an expense and your personal books show income..  

If you had 2 files, it would probably be obvious how each side would record the 
transaction, but you need to "merge" the business view and personal view into 
a single transaction (you may need other splits for withholding taxes etc)

(viewed from personal bank acc)
Bank Personal				100			-
Business:Expenses:Salaries 	100			-
Bank:Company  				-			100
Personal:Income:Salary		-			100

(Think that I've got the columns the right way round, but I can never remember 
fir sure without looking in GC)

HTH,
Maf.


On Thursday, 24 March 2016 10:35:34 GMT Nicolas Severyns wrote:
> In my account setup, I have a private checking account and a business
> checking account. Monthly, I transfer my salary from my business
> checking account into my private checking account. (in reality).
> 
> I enter this transaction into Gnucash, as a transfer between private
> and business checking accounts, with description 'salary'.
> 
> But I also have an Income:Salary account. How should I use that account? If
> Should create a new booking on my private checking account, sending the
> money I received
> from my business checking account to this Income:Salary account?
> 
> If I do that, the checkings account bookings would not reflect my bank
> statements.
> 
> I think I am confusing things, but I don't understand what exactly.
> 
> Any pointers in the right direction would be greatly appreciated.
> 
> Kind regards,
> 
> Nicolas Severyns
>