problems setting up accounts

[Manuel Iglesias]

Hi I’m running a little record label and evaluating if iCash fit my needs. I’m having some trouble to set up accounts and maybe you can help me. At this moment I’m lost.

We are 3 associates and we share a common general bank account for income/expenses.
I’m in charge of the account.

When we release a record we give some copies to a distributor. Every partner has his own stock to sells records to friends, customers and friendly record shops. For that sells we are paid cash. The price of every record for the distributor is different than when we sell it online or one by one, and some records are more expensive than others. Then if we have expenses sometimes are paid not from the common account but by any of us.
We are all living in different countries so when we meet (once a year) we discuss sales and expenses and we take the money to the bank.

Every one has his own method to register his own « transactions ’ and it’s starting to become a bit complicate. We need to know not only the profit/loss for any of us but also from which record this money come from in order to manage the general stock of records and what it rests for every partner’s own personal stock.

So we decided that I would receive weekly all the information by email of every associate to keep their numbers and my own numbers up to date.

Last but not least we would like to have a separate statement for every record (should be « project » on icash?)

I guess I have to create three accounts in iCash for any of us and another general account that should be the target for our payments. And I have to make clear that all this transactions are fictional till the moment we meet to do our statement for the year and I collect the money from them.

Can you help me to set the program to work for us? It’s a little label so we do 4 or 5 sales by week and we received a trim statement from the distributor.

If iCash could work for us we’ll be happy to buy it.

Many thanks,
Manu

[cs]

i think you are right on track on how to set this up.
You can use projects for every one of you.

God luck!