On 8/13/2018 8:52 AM, patrushkha via gnucash-user wrote:
I just started using Gnucash and thought I'd gotten through the learning curve;
I have 2 small businesses and entered both of them as well as my personal data,
but discovered they are all mixed together. At least I think so, I'm not versed
enough to understand how I got there or how to untangle entities.
Can anyone suggest a process to separate them OR do I have to start all over?
I'm also willing to hire someone to get me on track- Los Angeles area.
Thank you so much,
Pat
Oh dear. You are describing THREE entities here so ideally you should
want to have three sets of books If you are showing somebody the set of
books for one of the businesses (say you are selling it) no reason for
this prospective buyer to see anything about the other business or your
personal finances.
I can't tell you whether better literally to start over or to
disentangle (temporarily having FOUR sets of books). There are other
questions you need to answer. For example, do these businesses have
their own bank accounts? Or are you perforce going to remain somewhat
entangled.
Michael D Novack
PS: If one or both of these "businesses" are small/minor it WOULD be
possible to carry them within your main personal books. And still be
able to see/report on each separately. BUT be advised that the chances
of error would be very high because neither gnucash nor any other
bookkeeping system would prevent you from entering a transaction in the
wrong place.
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