[GNC] Setting up Gnucash for Household
Richard Dawson
rcdawson at att.net
Mon Jan 6 19:43:21 EST 2020
I'm not an accountant by any means, so this might be bad advice. I will
tell you how I handle my personal and business accounts in one Gnucash
file. I have the usual set of accounts, Equity, Assets, Cash, Income,
Liabilities, and Opening Balance for my personal accounts. These have
the usual subaccounts for detailing transactions with in those
categories. For my Rental Business I have have another account with its
subaccounts for Equity, Assets, Cash, Income, Liabilities, and Opening
Balance. All of this within one Gnucash file. The business files are
independent of the personal files, but it is easy to transfer amounts
between them when that is appropriate.
Richard
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