John - so would you think that PostBooks would be a better enterprise-level accounting system?xTuple PostBooks <http://www.xtuple.com/postbooks>
On Tue, Jun 20, 2017 at 12:19 PM, John Ralls <[email protected]> wrote: > > > > On Jun 20, 2017, at 6:09 AM, Andrey Shalaurov <[email protected]> > wrote: > > > > Hi, > > > > I have two questions: > > 1. Can this software be used for a small business that is a bank / > > financial institution - all accounts have to be flipped from bank's point > > of view e.g. Loans are Assets, Deposits are Liabilities (can the software > > be re-configured as such)? > > > > 2. It looks like each transaction can be assigned to an 'account' > (assuming > > General Ledger/GL Account), are there any other GL derivation rules > > possible e.g. transaction is assigned to a GL account only if a rule set > is > > met? Also, can you please clarify within transaction import whether: > > -deposits/withdrawals translates to "debit / credit" (I expected to see > the > > D/C indicator for each transaction) and > > -balance translates to each transaction "amount" > > -how do you assign an GL Account "pair" to each transaction (2 accounts), > > seems like in import interface only 1 assignment is possible > > GnuCash is not suitable for any business where outside audits and > financial controls are a requirement, and banks and financial institutions > of whatever size have those requirements. GnuCash also lacks features > needed for any business having more than a very few employees. > > Those points aside, GnuCash’s chart of accounts can be set up and > transactions created any way you like: It exactly mirrors a blank set of > ledger books that magically does calculations and makes sure that > everything balances. > > To see “Debit” and “Credit” column headings, check “Use formal accounting > labels” in the Preferences Accounts tab. > > GnuCash’s “General Ledger” isn’t separate from the account ledgers: It’s a > view of all of the account ledgers at once. There’s no “General Ledger > Account” unless you make one and your use of it would have to be entirely > manual. > > “Balance” has two meanings in GnuCash: One of them is the current net > amount of an account from adding up all of the debits and subtracting all > of the credits (for Asset accounts, and the reverse for Liability and > Equity accounts). The other is that every transaction must “balance”, > meaning that the sum of debits less the sum of credits in the transaction > commodity must net to zero. > > Transaction import is mostly oriented towards importing transactions for a > single asset or liability account as that’s how most of the import > protocols (e.g. QIF, OFX, HBCI) are designed: An import stream has a > primary account number that the user matches to a GnuCash account the first > time it’s encountered, and then each transaction in the stream is matched > to its counter-account (usually income or expense). The new CSV import > mechanism that will appear in GnuCash 2.8 will be more flexible by allowing > multiple splits to arbitrary accounts in each transaction. > > Regards, > John Ralls > > _______________________________________________ gnucash-user mailing list [email protected] https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
