I forgot to mention about suggestions #6–8, that accounting is not
really about math. It is about documentation.
Deciding how/where to record something is the primary question of
accounting.
Accounting is your proof or explanation where money came from and where
it went to. (with no missing or vanishing money, 'unaccounted' for)
Any related math is simple addition and subtraction, but that is mostly
for reports.
Transaction math simply asks, "Do Debits equal Credits?"
Regards,
Adrien
On 11/19/23 1:13 PM, Adrien Monteleone wrote:
While you are learning GnuCash (and accounting) I recommend:
6. Record transactions as soon as you can after they occur.
7. Record as much information as you can using Description, Notes (only
visible in Double Line Mode) and Memo fields.
8. Don't combine receipts with multiple line-items into a single split.
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