Good morning Barry, Regarding entering transactions into gnucash: I import QFX files that I download monthly.
I migrated from Quickbooks and Quicken more than a decade ago (I last ordered Quicken in 2008), and manage 7 small businesses with a total of at least 12 checking accounts and a similar number of credit cards (the business ones rarely get used, though). Every month I download monthly statements and the corresponding monthly QFX transaction records and other information from the bank websites and save them in a directory tree. Every month, I import the QFX transactions from the downloaded files and so don't manually enter transactions. I run gnucash on debian linux. I used to import transactions via the Online Actions (OFX direct connect), but banks have been dropping support for OFX direct connect. I find the download then import scheme to be no more annoying than I found direct connect to be. For BMO, transaction downloads can be initiated via an appropriately-formatted URL that I generate via a short python program that I'd be happy to share. My main annoyance with BMO is that the transaction records (in both statement and QFX file) include very little detail. I address this with other python programs, one to parse the zelle transaction emails that I receive and another to parse json-formatted electronic transfer activity. I have not even considered going back to Quicken. -- Glenn S. On Tue, Jan 9, 2024 at 12:49 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<mailto: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<mailto: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<mailto: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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