Thanks David, I guess I’ll just make make up an account name.
Regards, Adrien > On Jun 18, 2017, at 6:43 AM, DaveC49 <[email protected]> wrote: > > Hi Adrein, > > I agree you would record the investment in a company as an asset. I don't > know about elsewhere in the world but when you start a sole owner private > company in Australia, you essentially become the only shareholder and the > value of the share is the paid up capital of the company and has some > implications for the legal liability of the owners for the debts of the > company provided you have traded in accordance with the provisions of the > company law. You can call the asset account whatever you like but something > like > > > Asset:EquityinCompanyA Dr $1000 > Bank:Cash Cr $1000 > > should be a reasonable way of recording it. > > You would then treat drawings/dividends from the company as Income in your > personal books. The taxation aspects will be a lot more complex depending on > whether the income is taxed in the hands of the company or it's owners and > or both, which will be highly dependent on local taxation law. > > David Cousens > > > > -- > View this message in context: > http://gnucash.1415818.n4.nabble.com/Where-to-record-business-equity-in-your-personal-books-tp4692248p4692251.html > Sent from the GnuCash - User mailing list archive at Nabble.com. > _______________________________________________ > gnucash-user mailing list > [email protected] > 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. _______________________________________________ gnucash-user mailing list [email protected] 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.
