On 6/25/2024 3:10 PM, rudy beuc wrote:
I'm treasurer of a volunteer group. I've been using Quickbooks, but
now need to transition to Gnucash before I hand over the position to
someone else.
Currently trying to work with version 5.6 for Windows 11. Ive been
watching The Busy Bee's YouTube videos and availing myself of other
resources.
So, I get my files all set up with my desired account structure.
Here's the thing, in my checking account, my opening balance appears
as a debt. In fact what should be the Credit and Debit Column as I've
seen in other examples, appears to be reversely labeled. The Debit
column is directly next to the cleared or not cleared column. If I
enter a check into the checking account, it wants to appear as a credit.
What's going on, how do I fix this?
You've been given the explanation, the "reversal" is because you and the
bank have reversed points of view.
BUT -- you say that you have been using QuickBooks (and not Quicken,
another Intuit product). Since QuickBooks is standard double entry
bookkeeping just like Gnucash, how come you never noticed this before?
Is it just that you hadn't been using formal labels (debit and credit)
before?
Michael
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