Hi Jim, I wanted you to know that I have been using gnucash for our farm
business going on 3 years now. I love it. I started with the program on a
linux machine, now I use on my windows machine. I have all our accounts
set up in the one system and pull out the ones to send to the accountant
for our year end. This has worked real well with our personal and business
expenses. I can keep track of everything we spend money on to help out
with our personal budget as well. We also have various sources of income
like a seed plant, selling seed, etc.
I like the flexibility of gnucash for our business. I like the software so
I can keep my accounting skill sharp as well. I am in Canada and tried the
recommended agriculture software but I hated it. It did too much of the
work for me and I felt a little lost. With gnucash I feel I have more
control.
The only downside is I have to have a spreadsheet to send to the
accountant making moving the amounts over to my spreadsheet program
somewhat tedious and possibility for error. Maybe some day I can figure
out that part of things better, but for now I am quite pleased and the
accountant has been too.
Hope this helps with your decision!
Cheers,
Rachel
On Tue, 09 Jan 2018 17:14:00 -0600, James Meade <[email protected]>
wrote:
I've used Quicken for years and am considering switching to gnucash
mainly because Quicken is going to a subscription pay model and I don't
want to be held hostage by it or by an operating system (I always have
in the back of my mind to swithc from Windows to Linux). I know little
of accounting. In reading the manuals, I have a number of questions
about setting up the gnucash system.
1. I have several checking accounts and use them all for both personal
and business use. It seems unfeasible to set up two sets of books.
Can/how do I separate personal from business in one set of books?
2. I have several credit cards, use them the same way as checking. How
do I set up several credit card sub accounts, e.g., notional names AB
Visa, CD Mastercard, EF Visa, etc., and separate purchases for business
and personal?
3. I do all my data entry manually and am not going to change.
4. I have several income streams, including farming, flight
instruction, writing, custom farming (e.g., mowing or plowing for
someone else), military retirement, social security benefits. Some are
business and some are personal. Any thing to consider when I set them
up?
As I see it, my main uncertainties are about mixing personal and
business and about having a number of different accounts of the same
type that are used for both personal and business (i.e., checking and
credit cards).
It occurs to me that if I have to ask these questions the prospect of
using double-entry bookkeeping may be more than I should attempt. If
you think that is the case feel free to say so. I'm trying to figure
out if I want to go this way. I tried QuickBooks about 8-10 years ago
and gave it up after a couple of months. I have the time and energy to
put in, just not sure if I'm smart enough.
Thanks,
Jim
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