How to handle job & freelance expenses
I teach college & I'm also a freelance writer. I considered setting up 3 separate accounts--"Personal," "Business," and "Teaching"--but many of my expenses are tied to BOTH my writing business and teaching (for instance, computer supplies, office equipment such as printers, file cabinets, pens & paper, etc.). The only way I've been able to figure out how to handle this is to set up just 2 accounts: "Personal" and "Business & Teaching." Then I do split transactions within the "Business & Teaching" account to allocate a certain portion of the expense to business and a certain portion to teaching. It would be much better to have separate accounts for my freelance business and teaching, but as I understand it, I can't apportion expenses between them unless they're in the same account. Am I correct? Is there an easier way to handle this whole thing? Maybe using tags (which I don't understand completely)?
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