David, You may find it useful to set the account register in what is called auto split mode. From the menu View-> then check the Auto-Split Ledger radio button. You can also set this as the default mode from the menu item Edit_>Preferences- >Register Defaults and again check the Auto Split Register radio button. This >sets the register so that when you click on (select) a transaction, It displays all of the entries to other accounts for the transaction as well as the account of the account register which is open and displayed.
You are at the entry point in the General Journal In the General Journal you will have to select all the accounts (at least 2) affected by the transaction. The <TAB> key will normally take you to the next field requiring data to be entered once you have entered data in the current field. If this does not make sense read the Basics section of the GuCash tutorial and Concepts guide (https://www.gnucash.org/docs/v5/C/gnucash-guide/index.html) for a very basic introduction to double entry accounting. In the account field there is a downward pointing arrow at the right of the column which if you click on it will give you a dropdown list of your accounts to select from. The entry you are trying to make to account for Paid in Capital is one that would normally affect two accounts, your bank account balance is increased (a debit entry) and an Equity account Equity:Paid In Capital's balance is also increased (a credit entry). In the General journal the Tab key will take you to a column where you enter the account affected and then you have to choose from the Funds In/Funds Out columns and enter the amount of the trasnaction. you then tab to the next line to enter the second entry (often referred to as a split) of the transaction. Hitting the <ENTER> key completes and records the transaction. GnuCash has a feature that if a transaction is not balanced ( sum of debit entries = sum of credit entries), it will be assigned to an account called Imbalance which allows it to be identified for correction. The GnuCash Manual has an section on Creating Transactions in the section Understanding DoubleEntry Accounting (https://code.gnucash.org/website/docs/v1.6/C/x2549.html). You will find most people with an accounting background will use the standard accounting column headings Debit and Credit rather than the non-accounting headings which I find incomprehensible, despite the best efforts of our developers to make them meaningful. Those without an accounting background usually find the accounting usage of debit and credit equally incomprehensible. Again the Edit->Preferences->Accounts from the menu, then check the Use Formal Accounting Labels will select the formal Debit/Credit labels as the default for all account registers at the cost of their meaning being context dependent as explained in the Basics section of the guide( and any basic double entry accounting text) if you choose to use them. It is normal in GnuCash to enter data from the displayed register for a specific account. If you open the Accounts tab and select a specific account e.g. your bank account the register for that account opens in a new tab. A transaction entered in a specific register is assumed to affect that account and the first entry of a transaction is to that account and you have to specifically select the second account affected in the next line of the transaction entry. Hope this makes it a bit clearer On Sun, 2024-11-17 at 09:15 -0800, David L wrote: > Hello, > > I am just starting to use GNU Cash, and of couse, I have a few questions. > > 1. Does the Manual exist in a pdf format? Please send me a link, or a > pdf. > 2. I would like to be able to make entries for "Paid in Capital." How > do I get started making an entry? I have reached the point in the > screenshot below, and am not able to go further. > > [image: image.png] > > Sincerely, > > David Lincenberg > _______________________________________________ > 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.
