Re: [GNC] Accounting for Income and Expenses from Multiple Business Locations PS

2024-12-08 Thread Michael or Penny Novack via gnucash-user
I think I should add - I am pretty sure that "cost of goods sold" is related only to goods being sold. Yes of course, when providing a service there may well be costs from consumables used in that service. But how  you account for those costs (when "expensed") is different. Thus -- the sal

Re: [GNC] Accounting for Income and Expenses from Multiple Business Locations

2024-12-08 Thread Michael or Penny Novack via gnucash-user
On 12/7/2024 8:48 PM, Stephen M. Butler wrote: Are there intra-city transactions?  If not, the simple solution is to have one set of books per store.  However, that does make it hard to roll up to a grand total for the entire business. Well, there are pros and cons. You'd want to take into acc

Re: [GNC] Accounting for Income and Expenses from Multiple Business Locations

2024-12-08 Thread Michael Hendry
On 7 Dec 2024, at 20:45, Gary Kulp wrote: > > Hello, > > > > I'd be appreciative if someone could illustrate how to account for income and > expenses from multiple business locations. For example, if I were to account > for five hair salons in five cities, I would need to account for the >

Re: [GNC] Accounting for Income and Expenses from Multiple Business Locations

2024-12-07 Thread R Losey
The simplest solution that occurred to me was to have a separate GnuCash file for each location... perhaps reports can be copied to a spreadsheet that you can then use for over-arching reports. On Sat, Dec 7, 2024 at 2:46 PM Gary Kulp wrote: > Hello, > > > > I'd be appreciative if someone could

Re: [GNC] Accounting for Income and Expenses from Multiple Business Locations

2024-12-07 Thread Stephen M. Butler
Are there intra-city transactions?  If not, the simple solution is to have one set of books per store.  However, that does make it hard to roll up to a grand total for the entire business. The next approach would be to have a high-level account for each location within ASSETS, LIABILITIES, EQU

Re: [GNC] Accounting for Income and Expenses from Multiple Business Locations

2024-12-07 Thread Gary Kulp
Thanks for this detailed response, Jim.  Indeed I'm trying to imitate the Quicken "Class" field, which I believe is the same as a tag.  I'll delve into the matter Monday.  I appreciate the kind welcome and advice. Sincerely...Gary Kulp On Sat, 07 Dec 2024 17:17:24 -0600 Jim DeL

Re: [GNC] Accounting for Income and Expenses from Multiple Business Locations

2024-12-07 Thread Jim DeLaHunt
Hello, Gary, and welcome to GnuCash! On 2024-12-07 12:45, Gary Kulp wrote: I'd be appreciative if someone could illustrate how to account for income and expenses from multiple business locations Firstly, let me acquaint you with a clarifying question that appears frequently on the gnucas

[GNC] Accounting for Income and Expenses from Multiple Business Locations

2024-12-07 Thread Gary Kulp
Hello, I'd be appreciative if someone could illustrate how to account for income and expenses from multiple business locations.  For example, if I were to account for five hair salons in five cities, I would need to account for the following in each city using GNU Cash. Income      Haircu