Hacker News new | past | comments | ask | show | jobs | submit login

This depends entirely on how your business is structured. I'm pretty sure the way GnuCash recommends handling business accounts is to have a completely separate GnuCash file for your business, then pay yourself under the Income category with that business and use that as a normal salary income. The complete separation makes tracking everything much easier.



IDK what GNUCash recommends but keeping separate books is literally the first factor the IRS uses for distinguishing hobby vs business income: https://www.irs.gov/pub/irs-utl/irc183activitiesnotengagedin...




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: