It seems that GC is a very popular accounting program, and Ubuntu/Linux
is a very popular Operating System, yet when there is an upgrade in GC,
I cannot find a straightforward method of updating GC under Ubuntu/Linux.
I understand that there is a delay before the new version of GC is in
the Ub
My suggestion is to never use the opening balance in an accounting
system. Instead, I create a series of General Journal entries, each
with about 5-6 transaction pairs, to cover all of the asset, liability
and equity accounts. Works well. I have learned over the decades that
the programmer d
buy a printing press:
DR Asset Printing Equipment $5,000.00
CR Cash $5,000.00
John
On 11/07/2017 01:45 PM, Kevin Barber wrote:
Hello
Can anyone tell me how to record fixed assets in GnuCash. When I put the entry
in GnuCash automatically balances the ent
ke the ostrich with its head in the sand, wish to not be bothered
with such trivialities, would merrily go on to the next transaction.
John
On 10/17/2017 10:05 AM, David Carlson wrote:
John R. Sowden,
Could you please elaborate on your assertions that
1. "errors, often based on changin
To: Liz, the moderator, and the list:
Actually Gnucash seems to strike a strong resemblance to Quicken. The
data entry in the journal mode with no payee in the check or source
account entry (from cash, checking, or credit cards), and where the
amounts of the entry change in during the data en
A thought,
I never, or just the last 40 years, make a beginning entry in account
creating. Sometimes I set up my next year before I have closed out my
previous year, so I don't have the final transactions for the Asset,
Liability and Equity accounts. I have a list of opening balance
transac
Couple of thoughts:
A company cannot buy itself. If this is a sole proprietorship, the OP
could take funds out to pay the note from an owner's draw account. The
interest probably would not be deductible by the business, but instead
by the buyer on his tax return. On the other hand, if it is
