Balance sheet report for multiple accounts
gnulist at ejuneau.net
Mon Sep 26 07:09:05 EDT 2016
I own several sole proprietorship businesses, and need to upgrade from
Quicken99 to a real double entry accounting system. I am trying to see if
GnuCash will meet my needs. I really detest Intuit's move to a subscription
system, and I have always preferred using open source software when I can.
I understand the account hierarchies and how to set them up for each
company, but I have to tell you folks the documentation does suffer from
apparently being written by the software developers rather than users or
support folks. I can live with that as long as this mailing list works as a
forum where my questions get answers quickly. I have the following
1. It appears the set of books for each company needs to be in a separate
file. Is this correct, or can I create several account hierarchies in one
2. I frequently move funds between businesses --- I'll take an owner's draw
from one business to pay personal expenses or pay myself rent for my half of
my duplex (rental business) and then use that money to make a mortgage
payment (also an account transfer). If I have all the accounts in one file,
can I perform the transfer from one account to another as a single
transaction, or do I have to manually debit one account and credit another?
(And yes, I did take accounting classes for my business degree).
3. If I can create several account hierarchies in one file, can I generate
a balance sheet report that shows not only the balance sheet (assets and
liabilities) for each company, but also a total for all companies, or do I
have to manually consolidate the individual company reports?
It would really help save me a lot of time to know the answers to these
questions before I spend a lot of time with trial and error tests.
Thanks for your help.
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