[GNC] Expense distribution main and sub accounts

[David Cousens]

Norman

If I understand you correctly, the rent is an expense for the associated
body but income for the Master body. Presumably each of these bodies has
their own Assets and bank accounts. If there is only a single bank account
for the master and associate bodies you could still create subaccounts of it
for each associate if you need to track each associate's contributions to a
joint bank account separately.

A transaction with the following splits:

Assets:Assoc:Bank                           Cr xxxx
Expense:Assoc:Rent          Dr xxxx

would record the Assoc body paying rent and the following entry:

Assets:Master:Bank          Dr   xxxx
Income:Master:Rent                      Cr   xxxx

records the Master body receiving income for rent from the  Associate body.
This parallels the situation if their books were maintained separately.  It
would be possible to combine these as multiple splits in a single
transaction. 

Disclaimer: The legality of the above approach will depend on your
jurisdiction's laws and regulations and the extent to which the associates
and master bodies act as separate legal entities and you should seek
appropriate legal/accounting advice  from  local professionals.

David Cousens

David Cousens





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David Cousens
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