So, I'm trying to learn double entry accounting, and go figure, it's hard. At least, to the uninitiated, it is.
Now, I've spent the last while on meta trying to find out whether or not my question is on topic. You see, I'm a software developer and my wife is a stay at home mom. Somehow, what started as a hobby has turned into a furniture store. Not a store in the traditional sense, as we're online only. Basically, I keep her website running, and she handles, well, everything else.
For about a year, it was a partnership. As I understand it, from this answer, if it was a personal business that we were running, a question about managing those finances would be on topic. Last week, we incorporated it on the advice of our advisor at the bank.
Now, what I'm trying to do is enter our records starting from about November last year to current. During the time that I'm stuck on (which would be, well, the first few records... yep, I'm getting my feet wet) it was a personal business and seems to be exactly like it would have been in the answer linked. In fact, part of the justification of doing this work is because we want to make sure our 2013 taxes are in proper order. We didn't have very much for sales at the time, it was low enough that the business doesn't need to file taxes. But we still want to get it right.
In summary, my question is a very mechanical question on double entry accounting. I'm not sure how I should go about splitting the various transactions into the different buckets and all that jazz, and I'd like to ask the question here. It does relate to corporate finance, but the timeframe I'm asking about relates more to personal finance as we were not incorporated at that time.
