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Data Option "Filtered by Tags" in Watch Money >> Profit and Loss
I would like to see the Data Option "Filtered by Tags" in Watch Money >> Profit and Loss, like it is in Payables and Receivables.
This way I could tag all transactions related to my very small hobby business and view a profit and loss report for the business. Also, by tagging income and expenses specific to family members I could present their very own profit and loss report.
What a great idea!
This way I could tag all transactions related to my very small hobby business and view a profit and loss report for the business. Also, by tagging income and expenses specific to family members I could present their very own profit and loss report.
What a great idea!
I’m excited
1
person likes this idea
I like this idea!
Tell me when this idea gets some attention.
The more people who like this idea, the more it gets noticed.
The more people who like this idea, the more it gets noticed.
The company has this under consideration.
Create a customer community for your own organization
Plans starting at $19/month
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Inappropriate?It sounds like you are using Less Accounting for your personal accounts and trying to make sort of "mini-business" based on tagging. Is this correct, or how are you using it?
Although this is not how Less Accounting was intended, I think it's awesome that you're making it work for you. Please tell me more. :) -
Inappropriate?Hi Steven, Allan
I am very happy that you like my idea and are considering implementing it.
Actually, I haven't started using Less Accounting yet - only played with it. I've spent quite a number of hours the last two weeks trying out the free trial of different online accounting tools that could track my personal and one-man-hobby-business finances. Congratulations. You won. I'm now a paying customer.
Steven, here is more:
My wife and I have three sons. We both work full time and I do some freelancing. We have checking and saving accounts for every family member and one account for bills. We receive two salaries and the Norwegian child benefit. We earmark each child's benefit to covering their expenses (except food and clothes). The income and expenses of my freelancing goes through my personal checking account.
With Less Accounting I can manage this very easily if I make a tag for each person in the family, one family tag and a tag for my business. I will create a minimum of expenses categories to keep it simple - just the ones I need to track expenses for my family and my business. Salaries and child benefits will be regular income. Freelance work will be other income.
Now I have a great tool for tracking and viewing income and expenses. I can view how much we spend on groceries or how much we spent on our oldest son last month. I can also keep track on invoices, payments and expenses in my business.
It becomes perfect when the tagged income and expenses meet in the "Profit and Loss" view.
I love the simplicity and usefulness of Less Accounting. Thank you, guys!
I’m thankful
EMPLOYEE
EMPLOYEE
