I will echo R Losey's comments but also add that over the years, I've used (and abandoned) the various download transactional data features in favor of manual entry.
First, many institutions have become restrictive in their download offerings and refuse to consider anything outside the commercial banking software ecosystem. In the US, that means Intuit. Second, Gnucash allows rapid transaction input (by memorizing previous transactions and copying them in for you) that can speed data entry immensely. (Aside, I understand that recent updates of this feature have been a little controversial) Third, downloaded data needs to be validated and confirmed by me, which takes time. As a consequence of all this, I have found that importing took more work than just biting the bullet and doing it by hand. For what it's worth, I'm tracking at least three checking accounts, three taxable investment accounts, six retirement accounts, four pension accounts, and two credit card accounts. And using Gnucash 4.12, because I'm slow to innovate. David T. On Jan 9, 2024, 3:06 AM, at 3:06 AM, R Losey <rlo...@gmail.com> wrote: >We've just trained ourselves to enter the data manually. It IS possible >to >download into GC; I just haven't used it. > >You can create separate asset accounts -- we also have more than one >checking account, and we just have them as separate accounts and enter >the >data separately. You can name them whatever makes sense to you: >"Barry's >Business Checking", "Joint Checking", "Susan's Business Checking" -- >for >example. > >If you mean in reports, all reports are configurable; most (if not all) >of >them allow you to choose the accounts on which to report. > >On Mon, Jan 8, 2024 at 11:33 AM barry milliken ><barry.milli...@outlook.com> >wrote: > >> Thanks for your answer. >> When I said personal accounting I oversimplified. >> My wife and I both have independent consulting businesses. >> That means we have 3 bank accounts and six credit cards for a total >of 9 >> "accounts" (transaction sources) >> Managing downloads manually would be too cumbersome. >> How does Gnucash allow me display my source accounts separately? >> Thanks >> >> >> Barry Milliken >> ------------------------------ >> *From:* R Losey <rlo...@gmail.com> >> *Sent:* Monday, January 8, 2024 11:17:58 AM >> *To:* barry milliken <barry.milli...@outlook.com> >> *Cc:* gnucash-user@gnucash.org <gnucash-user@gnucash.org> >> *Subject:* Re: [GNC] Moving from Quicken >> >> I, too, left Quicken about 8 years ago and changed to GnuCash. I had >a >> slight familiarity with double-entry accounting, and I've seldom had >any >> issues with GnuCash. >> >> I thought about importing Quicken data, but then decided against >it... I >> reasoned that if I really did need to reference something I had in >Quicken, >> I could open those files. In fact, I think I opened Quicken two or >three >> times in the first couple of years, and haven't touched it since. >It's just >> something to think about. >> >> I had trouble getting the downloads from financial institutions to >work, >> so I do them manually and regularly reconcile. I don't really miss >this >> function, but it is possible. >> >> As you will have heard, GnuCash doesn't have "categories"; it has >> "accounts". At the risk of offending a great multitude of GnuCash >users, >> from the practical point of view, GnuCash accounts are very much like >> categories in Quicken. I know that they are not really the same >thing, but >> as a former Quicken user, they are. >> >> In my experience, the one thing I had trouble with in GnuCash were >the >> reports - most of them seem to need some kind of tweaking to get them >to do >> what is wanted. Here's another thing to think about: instead of >assigning >> accounts as "tax deductible", if you have an account whose >transactions are >> deductible (such as charitable giving, you can create a report for >just >> these accounts. You just need the discipline to only enter deductible >items >> in such accounts. I do know that there is a US tax setup feature, but >I >> haven't made full use of that -- and the report using the accounts I >want >> to know about for tax reasons works well enough for my needs. >> >> RL >> >> On Sat, Jan 6, 2024 at 9:50 PM barry milliken ><barry.milli...@outlook.com> >> wrote: >> >> I've been frustrated using Quicken for years. Maybe GNUcash will do >what >> I want. >> >> My list of functions is small: >> I use Quicken for personal accounting, mainly to categorize >transactions >> for tax reporting. >> Can GNUcash do these things: >> - import data from a Quicken QDF file as a starting point. >> - allow downloads of transactions from my bank accounts and credit >cards. >> - allow me to assign a category to each transaction. >> - create categories (or import quicken categories) and assign each as >tax >> deductible or not. >> - report and summarize tax deductible transaction at tax time. >> >> That's all I care about. >> >> Thanks >> >> >> Barry Milliken >> >> _______________________________________________ >> gnucash-user mailing list >> gnucash-user@gnucash.org >> To update your subscription preferences or to unsubscribe: >> 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. >> >> >> >> -- >> _________________________________ >> Richard Losey >> rlo...@gmail.com >> Micah 6:8 >> > > >-- >_________________________________ >Richard Losey >rlo...@gmail.com >Micah 6:8 >_______________________________________________ >gnucash-user mailing list >gnucash-user@gnucash.org >To update your subscription preferences or to unsubscribe: >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. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. 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