On 11/23/2025 2:52 AM, sunfish62--- via gnucash-user wrote:
I think you and Paul are mischaracterizing Quicken.
While it has been 20 years since I left Quicken behind for GnuCash, when I used
Quicken, it was possible to create a transaction without categorizing it at
all. In effect, a single entry.
That violates the basic concept of "double entry" in Double Entry accounting.
It is MORE than just that. Quicken" categories" are limited in terms of
what sort of accounts they can represent.. In double entry bookkeeping
the other account (there are always at least two accounts) is not
necessarily of type equity (types income and expense are temporary
accounts of fundamental type equity). For example, if you take $1000
from your savings account and deposit that in your checking account that
is a transfer between two accounts both of type asset.
Do note, however, that Intuit's QuickBooks IS proper double entry
bookkeeping, minimal issues (and learning curve) going from QuickBooks
to gnucash.
Michael D Novack
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