Ken, Adrien Just a quick note re "separate account trees for each business".
I have experimnted to try to do this within the one set of books (i.e. file) in Gnucash and have never found a way of doing it. My problem has always been creating an entity level top account as there is no top level account of type entity in the Gnucash structure which can have the other major account types (i.e. Asset, Liability, Equity, Income, Expense) as the type of its sub accounts. The account type of a top level account is restricted to be one of {Bank, Cash, Asset, Credit Card, Liabilty, Stock, Mutual Fund, Income, Expense, Equity, A/Receivable, A/Payable,or Trading}. Having made a choice of the top level account (e.g. Asset),the choice of account type for a subaccount is restricted to types in the Asset and Liability classes , i.e.{Bank, Cash, Asset, Credit Card, Liability, Stock, Mutual Fund, A/Receivable, A/Payable}. If the top level account is of type Liability, the choices are restricted to the same list. If the top level account is an Equity account type, its sub accounts can only be of type Equity. Expense and Income class top level accounts can only have a type for the subaccounts of {Income, Expense}. This precludes setting up multiple entity structures with the entities as separate top level accounts with their own sub trees. I think this is by design and that the expected strategy is to use separate files for separate entity. I have adopted the second strategy you mentioned of having "entity" subaccounts under each of the major top level classes {Asset,Libility, Equity, Income, Expenses} to separate my wife's, mine and a few minor business ventures we operate jointly or separately. It works OK, but increases the likelihood of putting a transaction in the wrong account and the balance sheets and income statements are not ideal but easily rearranged once generated. The main distinction for me is that none of these ventures files a separate tax return and they are basically at the hobby level since we retired. David ----- David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.