How to add personal money to small business

[Johan van Oostrum]

Op 4-apr-2008, om 22:30 heeft Myrion het volgende geschreven:
>
> Hello,
> I can't seem to find an answer to this seemingly easy question:
>
> I am using GnuCash (2.2.3) to keep records for my small business.  
> However,
> as with many new small businesses, the income I generate isn't  
> enough to
> cover the expenses. Therefore I must put in some money I generate  
> from my
> normal day job (which is a bi-weekly paycheck that has been taxed).
>
> So I guess my question is:  Since my day job income isn't part of  
> my small
> business income, where do I place it in GnuCash so that it is just  
> there to
> cover expenses that I have to pay? I deposit cash into my Business  
> Checking
> account so that I can cover the expenses of the business. Remember,  
> this
> isn't actually income from the business though, and it has already  
> been
> taxed through my employer.
>
> Whenever I try to just make a deposit into the Business Account in  
> GnuCash,
> it wants to know from which account I'm drawing these funds. But  
> since it
> isn't an account, it's simply outside cash being deposited, this is  
> where I
> get confused.
Create an Equity type account for "Private deposits" and, if  
appropriate "Private withdrawals"

A Private deposit you would enter as follows:
Private deposits	USD 100 Credit
Business CA	USD 100 Debit

And a Private withdrawal:
Private withdrawals	USD 75 Debit
Business CA	USD 75 Credit

Regards,
Johan van Oostrum

> Any help would be most appreciated!
> Thanks!
>
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