[GNC] Business Account Set Up Question & Customer Billing Question

[Stephen M. Butler]

On 08/21/2018 07:31 PM, Khristine Ann Ramella wrote:
> OK, so trying to use gnu for business. Have a two person llc. I set up the equity accounts like shown based on all the research on gnuhelp and general accounting I could find.
>
> Each member contributed 720 to start the business. The first person 720 was put in checking immediately. I put it under Opening Balances and sent it to checking. So far so good. The second 720 came in a month later. When I go to make the deposit to the checking account how do categorize it?
>
> Also, why does Equity only show as 740 ? Shouldn't it be 1440 to represent the 720 from each member?
>
> [cid:image001.jpg at 01D4399E.B10A5F50]
>
> I also have a billing question. When I enter a credit card charge or checking account debit, I want to be able to assign a customer & their specific job  to the purchase. We buy & bill out a lot of supplies for each client-most with an upcharge so it isn't an even swap. In  Qbooks you can just check a box and assign the purchase or invoice to the customer job, so I can see expenses versus billing right away for the customer and their job. I did some gnusearch on this and didn't really get a clear cut answer.
>
> I would hate to have to go back to QB but this is a deal breaker-lots of parts for each customer and each customer has lots of jobs (installs/service calls)
>
> Thanks so much for your expertise!!!
>

Yes, your equity account should show 1440.  Go to that account on the
account page and double click on it.  It should show you all the
detailed transactions.  Hopefully you will spot something in there that
will lead you to your answer.  Probably an errant transaction that
didn't belong in that account (or one you forgot happened).

Could you put something in the memo portion of the main transaction
(would show on all splits) and then filter by that?  I've not used
customer billing so can't help any further than that.

--Steve

-- 
Stephen M Butler, PMP, PSM
Stephen.M.Butler51 at gmail.com
kg7je at arrl.net
253-350-0166
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