Common advice is don't mix personal and business bank accounts but almost
everyone does with personal tax. You could do what you want with a business
account under each top-level account or bank account then report against
those accounts but it would be fiddly.
It is a classic class issue, ie one
Taneisha and Joel,
One way to track this would be to setup a dummy bank account for your personal
bank account for the business and a dummy liability account for your personal
credit card within your Gnucash accounts for the business. Keep these separate
from the GnuCash account corresponding to
;
freedmensoa...@gmail.com
Subject: [GNC] Start up cost in GnuCash
Hello Gnucash, We are trying to figure out how to enter into gnucash the
initial expenses or startup cost for the business we have been putting on our
personal credit card to start this new business.
Thank you in advance for your
This is a discussion you need to have with your CPA. Involved are the
following questions:
1. Is this a sole proprietorship? Partnership? LLC? Corporation?
2. If a sole proprietorship, will the accounting be done in your
personal books? Or do you need a separate set of books for the busi
Hello Gnucash, We are trying to figure out how to enter into gnucash the
initial expenses or startup cost for the business we have been putting on our
personal credit card to start this new business.
Thank you in advance for your help.
Taneshia and Joel
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