For the record, the US tax features in GnuCash function by assigning accounts to specific tax lines, much like your approach.
It's helpful insofar as it guides your accounting decisions (what types of entries I need to track for tax purposes, etc.), but it doesn't make your decisions for you. Once setup, it's very easy to use. David T. On Jan 8, 2024, 7:19 PM, at 7:19 PM, R Losey <rlo...@gmail.com> wrote: >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 >_______________________________________________ >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. You can do this by using Reply-To-List or Reply-All.
