Michael 4 sets of books is possibly overkill and likely confusing. At worst you would need two, one for the club operations and one for charity. Depending on the legislation of charities/non-profits in your jurisdiction if the charity is an operation of the club you may be able to get away with one set of books, just clearly separating the income, expense, assets, liabilities and equity of each operation under sub accounts of each top level account. It would require care in not mixing the club and charity operations that may be simpler The legal requirements however take precedence over convenience
Whether your members issue you with a single check for their membership fees and charitable donations or provide you with separate checks for the fees and charitable donations is another factor. If you have to transfer funds from your club bank account to the charity bank account it will be a simpler operation to record in a single set of books. Alternatively, in the former case with separate books for the charity and club you could have a clearing account in your club records to record the component of checks which was donations to the charity on banking of the cheques and then the withdrawal from the club account and deposit to the charity account. If you need to track who donated what then using their name in the description field will allow you to run a transaction report on your income: fees account to produce a statement. 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.
