Julie GnuCash is primarily a double entry accounting system. It is used world wide so its functions are usually generic accounting rather than customized solutions for a specific tax and legislative framework in a specific jurisdiction
It can certainly record deposits and withdrawals from a check account. If your bank supports certain banking and financial data protocols protocols data can be downloaded directly from your bank to create entries in the appropriate Asset, Income and Expense accounts. Usually OFX or CSV downloaded files are supported by most banks but direct online access from GnuCash to the bank is more variable. If you tells us where you are you may be able to get more specific advice from users located near you. GnuCash can handle some types of tax transactions but does require some user intervention in defining appropriate tax tables and rules and appropriate account structures. There is some guidance for setting up in specific jurisdictions in the documentation and user forums. Most commonly VAT and GST type taxes can be accounted for fairly easily. GnuCash generally does not have a Sales Tax report as such. These are generally very locality and tax authority dependant and variable in the content required. It does have a general transaction report that can be restricted to appropriate tax accounts and filtered to return transactions which can then be exported and used in other programs or spreadsheet software for further processing. Users can also generate and produce custom reports but this requires some programming expertise. You may get mor information aboput the suitability of GnuCash for your purpose by reading the tutorial and Concepts Guide https://www.gnucash.org/docs/v3/C/gnucash-guide/index.html. David Cousens ----- David Cousens -- Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
