Combined Personal plus Businesses in same file

[Derek Atkins]

Hi,

MountainX <dave at davestechshop.net> writes:

> I just downloaded GnuCash. I've been using MS Money (the version for personal
> + business). I have a couple small businesses (for example, a single rental
> property in its own company).
>
> I want to keep all transactions in the same file. Mainly I want to have
> flexibility to change account assignments across entities without
> re-entering transactions in another file. 
>
> I often use the same credit card for purchases across all entities.
> Furthermore, some purchases are split amount entities. I cannot justify
> separate files for each entity because that leads to a lot more data entry
> when I have to change the entity associated with an entry.
>
> I thought about using MoneyDance because its "tags" feature would facilitate
> this functionality. Unfortunately, java apps don't work well with
> compiz-fusion, so MoneyDance is out of consideration for now.
>
> What is the best way to accomplish my goal with GnuCash? Thanks.
>
> P.S. This is my first post to Nabble. I may have double posted - not sure.
> If so, forgive me.

Yeah, you double-posted.  I'll ignore that.

But to try to answer your question -- GnuCash does not have "Tags"
support.  The closest you can do is create multiple income/expense
account hierarchies for each entity.  But frankly GnuCash's model
really is one-taxable-entity-per-file.  So if your various businesses
are individual taxable entities then you really should have multiple
data files.  However if they are just DBAs then you should just
use parallel hierachies.

> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available