[GNC] Managing Profit Centers, Enterprises, Projects

[David Cousens]

If these businesses are operated as separate entities in the legal sense,
(i.e. one business activity is not legally liable for the debts of another
activity - this depends on the business structures employed), then they
should have separate books and hence separate reports.

If they are activities of a single entity who is reponsible for the debts
incurred by all the activities, then you could have subaccounts under each
of the top level accounts (Assets, Liabilities, Equity, Income, Expenses)
for each activity. The reports options allows you to specify which accounts
are included in the report and 

for each of the top level accounts you would select the relevant subaccounts
for the specific activity for which you wish to generate reports.  Some
Assets and some Expenses may be shared between all activities for eaxmple. 

In this case you could still run separate books for each activities and
consolidate the reports into a single set of reports in accordance with the
applicable accounting/business recording/taxation requirements.

What you are required to do will be determined by the business legislation
and taxation legislation  and applicable accounting standards in your
jurisdiction. This is where you need to consult a practising accountant in
your area familiar with the applicable legislative and legal requirements.

There is also a Jobs structure which can be used with specific projects and
allows invoices/bills to be grouped for a specific job for a single
customer/vendor. It is discussed in the help manual under the business
features
(https://www.gnucash.org/docs/v3/C/gnucash-help/chapter_busnss.html).


David Cousens



-----
David Cousens
--
Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html