Hi, I've been in a Gnucash environment for the last few years, and since Jan 1 have been testing things out with ledger. I'm not an accountant, but can deal with double entry fairly well. Previously I've kept two files for personal and business, but wondering if I should put everything in a single file in the ledger world, or use an !nclude statement to bring the business transactions into my personal file to get a full picture.
Then as a related issue there is the chart of accounts. I'm setting all my business accounts preceded with Business, ie Expenses:Business:Auto:Fuel, and the personal stuff is just Expenses:Auto:Fuel. Is there any best practice here as to what will allow reports that can separate and combine business and personal data? -- I've been testing some basic commands like ledger bal not business etc. When having two files in gnucash, if there was a transfer between my business and personal chequing, that would be an Equity:Draw, but if I keep these files together the transfer will just go from Assets:Business:Chequing to Assets:Chequing. What do accountants think of this? Also that transfer will have to live in the personal or the business ledger file. Where should that be? And then if you separated the files you would throw everything out of whack. So maybe avoid the !include directive and just keep everything together? Then I believe I can do an archive at year end. Regarding investments, in the gnucash world the accounts were typically Assets:Broker:STOCK and Assets:Broker:Cash, but in the ledger documentation most of the examples show the stock purchase of APPL in Assets:Broker (not Assets:Broker:APPL). Is there going to be any advantage/disadvantage to keeping an actual account for the stock itself? And same question for the Assets:Broker:Cash account. While I continue to fiddle around with this... any suggestions or best practices welcome. Regards, Boyd -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
