On 7/11/2017 3:03 AM, Gio Bacareza wrote:
Hi,
I have used gnucash initially to track household expenses. So my flatmate
and I would contribute. We track what the transactions are for and also
keep track of contributions so we know that we both contribute equally.
Now that we are also going into a small business, I'd like some tips on
what the best practices are.
Should I incorporate the business transactions into the original file?
Or should I create a different file for business?
Separate books by all means. Do you need some reasons? Imagine down the
road, this little business has become a success, and you are in
negotiations to sell it. The prospective buyer would want to see the
books, yes? But no reason to be able to look at YOUR books. I could go
on giving other reasons.
Michael D Novack
--
There is no possibility of social justice on a dead planet except the equality
of the grave.
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