My situation is that I have personal accounts (CAD), a small business
account (USD) and some trading accounts (CAD and USD).
I think I already know the answer, but is it possible to have a
transaction across any two of the separate files, i.e. pay salary from
the small business account file to the personal account file.
Presuming that it is not possible, I would need to have all three in one
file. Which hierarchy would work best? Opinions on a post card please!! :)
Is it "better" to group by currency or ASSET/INCOME/...?
ASSETS
CAD Assets
Personal Account - PA
Trading Account - TA
USD Assets
Small Business Account - SBA
Trading Account - TA
INCOME
CAD Income
Personal Account - PA
Trading Account - TA
USD Income
Small Business Account - SBA
Trading Account - TA
EXPENSES...
etc...
-----------------------------------------
OR
CAD ASSETS
PA
TA
CAD INCOME
PA
TA
CAD EXPENSES
PA
TA
etc...
USD ASSETS
PA
TA
CAD INCOME
PA
TA
CAD EXPENSES...
etc...
---------------------------------------------
OR
CAD
Assets
Personal Assets
Trading Account Assets
Income
Expenses
Liabilities
USD
Assets
Income
Expenses
Liabilities
--------------------------------
OR
Personal Accounts
Assets
Income
Expenses
Liabilities
Small Business
Assets
Income
Expenses
Liabilities
Trading
CAD
Assets
Income
Expenses
Liabilities
USD
Assets
Income
Expenses
Liabilities
---------------------------------------
OR
Personal Accounts
Assets
Income
Expenses
Liabilities
Small Business
Assets
Income
Expenses
Liabilities
Trading
Assets
CAD
USD
Income
CAD
USD
Expenses
CAD
USD
Liabilities
CAD
USD
Am I over thinking this??
Thanks for your input
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