Norman If I understand you correctly, the rent is an expense for the associated body but income for the Master body. Presumably each of these bodies has their own Assets and bank accounts. If there is only a single bank account for the master and associate bodies you could still create subaccounts of it for each associate if you need to track each associate's contributions to a joint bank account separately.
A transaction with the following splits: Assets:Assoc:Bank Cr xxxx Expense:Assoc:Rent Dr xxxx would record the Assoc body paying rent and the following entry: Assets:Master:Bank Dr xxxx Income:Master:Rent Cr xxxx records the Master body receiving income for rent from the Associate body. This parallels the situation if their books were maintained separately. It would be possible to combine these as multiple splits in a single transaction. Disclaimer: The legality of the above approach will depend on your jurisdiction's laws and regulations and the extent to which the associates and master bodies act as separate legal entities and you should seek appropriate legal/accounting advice from local professionals. David Cousens David Cousens ----- David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
