My bad the credit column got wiped off by nabble wrap at 75 chars. There was
generally a credit row for each of the debit rows shown but it now appears
as an extreme left column.
-
David Cousens
--
Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html
On Mon, 3 Sep 2018 09:42:56 -0400
Jens Dill wrote:
> So I have at least 5 pots of money: the two trusts, the two
> businesses and my personal funds (cash, bank accounts, and IRAs).
> Each has its own liabilities, assets, income, expenses, and equity.
Currently I am "only" managing 4 entities.
Jens,
If you were to try and maintain enough separation of the affairs of your
companies and trusts in one set of books, you would have to duplicate the
transactions in any case. To keep a record of what is paid for from your
personal account for each entity you would need to run a virtual bank
On 9/3/2018 12:33 PM, Jens Dill wrote:
On 2018-09-03 12:28 PM, Jens Dill wrote:
And, I should add, my CPA has told me she would be perfectly happy if
I kept everything in spreadsheets.
Sure she would. You are paying her for her time.
But do not sell spread sheets short. If you had learned
I’m not certain about allowable characters but the Account Code is used for
sorting. Formal accounting procedures use somewhat standardized charts of
accounts which are coded by number. All asset accounts are in a certain range,
liabilities in their own range, etc. Rather than refer to accounts
On 2018-09-03 12:28 PM, Jens Dill wrote:
On 2018-09-03 11:52 AM, David Cousens wrote:
This is strictly an accounting question as the accounting solution
will be
very dependent upon the legislation governing the trust in your
jurisdiction
Your point is well taken. I am consulting my CPA.
On 2018-09-03 11:52 AM, David Cousens wrote:
This is strictly an accounting question as the accounting solution will be
very dependent upon the legislation governing the trust in your
jurisdiction
Your point is well taken. I am consulting my CPA. But the purpose of my
bookkeeping is simply
Jens,
This is strictly an accounting question as the accounting solution will be
very dependent upon the legislation governing the trust in your
jurisdiction.
Generally speaking an entity whch has to file a separate tax return is
likely to be a separate legal entity and as such should really
On Monday, September 3, 2018 8:42:56 AM -05 Jens Dill wrote:
..snip
>
> So I have at least 5 pots of money: the two trusts, the two businesses
> and my personal funds (cash, bank accounts, and IRAs). Each has its own
> liabilities, assets, income, expenses, and equity. I've rejected the
>
I'm new to GnuCash. I need an accounting package because I am now in the
position of having four different tax identification numbers (and thus
four different tax returns to prepare). Briefly, the situation is that
I'm recently widowed. My wife and I had a living trust, and on her death
the
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