Ledger Practices: Tracking Accounts Jointly and Separately
One complex scenario that can cause accounting headaches is when you need to track money movements across a group of accounts that are divided between different parties, and need to be reported on both jointly and separately (for example, members of a household, or partners in a small business). Ideally, tricky things like joint accounts and inter-party transfers would be reported clearly and correctly.
Naturally, there’s a way to make this work in Ledger, but it requires a bit of setup!
(This post is part of a series describing how I use the Ledger accounting system. For an introduction to Ledger and this series, or to see all the entries, have a look at the first post).