[GNC] Managing Profit Centers, Enterprises, Projects

flywire flywire0 at gmail.com
Wed May 13 06:10:06 EDT 2020


As always, thanks for your considered advice David.

It's a single entity where everything is shared except for specific income
and expenses. Separate books are not-on. I'm understanding you are
suggesting a separate subaccount for each Enterprise/Project under the
existing CoAs (eg Expenses:Maintenance:Camel farm). Every report would be
customised for each Enterprise/Project.

> What you are required to do...

I'm not an accountant so in Oz I assume it's:
... provide evidence for amounts in any tax returns if requested (ie give
them the shoebox).

> 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

I've reviewed that but I understand (??) it's not applicable. I'm a big fan
of the Tutorial and Concepts Guide where the examples teach you what the
terminology means and how to apply it.

Back to the camel farm. Just say you sell a sheep in Oz. If you have a road
train full (
https://img.izismile.com/img/img3/20100721/640/road_trains_640_26.jpg )
then no worries, but if it's one you had better eat it because the proceeds
wouldn't cover the bookkeeping cost. With fees, levies, industry funds,
different tax treatments, various parties - there's 20 splits for that
transaction (could be more if it has a lamb) so when you multiply it by the
subaccounts, well, it's a suicide risk.

https://bugs.gnucash.org/show_bug.cgi?id=113772#c6

>


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