On Sat, 11 Mar 2023, Jamie Tolbert wrote:
I dont have another asset account,yet.......soon I will have a business checking account, but in the meantime, I do I tell the software I started a business with an initial investment of 500.00, and that money should be in petty cash?
Jamie, Adding accounts to GC is totally independent of bank accounts. Here, I have two GnuCase cases: personal and business. Each has its own Chart of Accounts and individual accounts. I switch between them (and transfer funds as needed) because both are available under the File menu item: Properties. I don't recall how I originally set them up because that happened years ago, just after Y2K FUBARed my former system. But, the larger user manual has instructions. Using the Business menu, consider setting up each rental unit as a Customer, and each renter as a Job for that Customer. That keeps a record of all renters for a unit and you have independent information for each. Go to the Accounts tab and add a new asset called, for example, Rental Income, under that sub-accounts for each rental unit and perhaps Rental Deposit (the type can be specified in the memo). And annother called Accounts Receivable. Add appropriate expense accounts, including vendors who do work on the rental units, and any other accounts your location (and CPA) require. Regards, Rich _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
