On 3/27/2020 5:11 PM, Ken Cohen via gnucash-user wrote:
thanks for your response. sounds like it is more spreadsheet type oriented, correct? Also, does this app connect to my bank and brokerage acct to download transactions? One of my brokerage accts trades frequently and entering all that by hand would be a big chore? Quicken seems to do this much more efficiently. Ken
I am not sure what you are saying. Gnucash is a (standard) double entry bookkeeping application.
Spreadsheet? Anybody who is experienced doing double entry bookkeeping the old fashioned way, pen and ink on paper, could certainly use a spreadsheet app, simply setting the columns the way they would be on journal and ledger pages. Gnucash is easier. Instead of entering in the journal and then posting into the ledger, enter directly into the ledger and the journal is virtual. Very much like "cashbook" accounting in the old days (where the most "popular" accounts were handled this way when the other side of the transaction "cash", only the rarer transactions first entered into the journal and then posted. The cashbook was instead posted only at the bottom of each page plus the end of the accounting period. Saved a lot of time and posting errors). With gnucash, no posting/transcription or arithmetic errors and immediate indication if out of balance.
As far as I know, Quicken doesn't do standard double entry bookkeeping. So in a way, apples and oranges
Michael D Novack _______________________________________________ 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.
