I've got it now! Thanks! I suppose I can maintain two different data files (business.dat and personal.dat) and, where applicable, tag taxed income or tax deductible expenses.
On Monday, September 3, 2012 1:26:44 PM UTC-4, enderw88 wrote: > > This is pretty simple with ledger: use metadata. You can assign the > expenses to whichever account and sub account you want, and tag them with > additional data for additional processing. For example: I keep track of > fuel expenses for our separate cars, but charge all of the expenses to > Expenses:Auto:Fuel. Each transanction is tagged with with a "Car" tag that > has a value corresponding to the car: > > > 2011/01/01 * Arco > Expenses:Auto:Fuel > ;Car: Sienna > ;Vacation: 2010-12 California > Assets:VWCU:Joint $ -41.92 > > In this case I also tagged it with the vacation we were on. > > On Mon, Sep 3, 2012 at 8:39 AM, Robert Klubenspies > <[email protected]<javascript:> > > wrote: > >> Hi There! >> >> So I'm a little confused. Right now I have a very unique financial >> situation that needs to be managed on paper somehow. Perhaps someone can >> lend me some advice on how to structure my accounts with Ledger. I have a >> few accounts: >> >> * Business Checking >> * Personal Checking >> * Personal Savings >> >> Both checking accounts have debit cards tied to them. I do not have >> credit cards. >> >> My sources of income are the following: >> >> * Contracted (1099'd) work in the name of my business deposited into my >> business checking account >> * Contracted (1099'd) work in my personal name deposited into my personal >> savings account >> >> I have to pay quarterly estimated taxes on both of those sources of >> income. My business is a single-member LLC and is treated by the IRS as a >> disregarded entity. >> >> Here's where my situation gets complicated. Some of my personal >> expenses inevitably wind up being charged to my business debit card and >> some of by business expenses inevitably wind up being charged to my >> personal debit card. I was wondering what is the best way, in your opinion, >> to go about making my data file so that I can track business and personal >> expenses separately, but still have a quick way to run quarterly income >> reports and yearly profit and loss reports on all of my accounts for >> estimated taxes. >> >> Thanks for your help! >> >> -Robert >> > > > > -- > Craig, Corona De Tucson, AZ > enderw88.wordpress.com >
