Re: [GNC] New user - help understanding accounts

2019-12-13 Thread Adrien Monteleone
Welcome to GnuCash! While you are reading the Tutorial, keep in mind that ‘account’ is not something limited or special like a bank account. (which is just one type of account) Your bank has a liability account in their books ‘with your name on it’. (I put that in quotes because they likely use

Re: [GNC] New user - help understanding accounts

2019-12-13 Thread David Cousens
Anton, You will find the GnuCash Tutorial and Concepts Guide (https://www.gnucash.org/docs/v3/C/gnucash-guide/index.html) helpful in explaining how GnuCash works. GnuCash is a full double entry accounting system. In many other commercial products, the double entry nature, while often present, is n

Re: [GNC] New user - help understanding accounts

2019-12-13 Thread Anton Hughes
Thank you Jeffrey On Fri, 13 Dec 2019 at 21:13, Jeffrey Tsang wrote: > PS: the action for "Edit Account" also allows you to change what the > parent account is, which can changes the allowable account types. > > Once you move the parent Account for your bank account away from the > Income/Expe

Re: [GNC] New user - help understanding accounts

2019-12-13 Thread Jeffrey Tsang
PS: the action for "Edit Account" also allows you to change what the parent account is, which can changes the allowable account types. Once you move the parent Account for your bank account away from the Income/Expense Accounts, it'll allow you to select Bank as the Account Type. On Fri, Dec 13,

Re: [GNC] New user - help understanding accounts

2019-12-13 Thread Jeffrey Tsang
Account types may be set up as "Asset", "Liability", "Equity", as well as others, including specifically "Bank". >From the main Accounts window either right-click within the list of accounts or select from the Actions menu bar the action for "New Account". In that creation window there is a choice

[GNC] New user - help understanding accounts

2019-12-13 Thread Anton Hughes
Hello I'm trying to setup gnucash to do my bookkeeping. I've downloaded all of my transactions from my bank account, and can import them into gnucash However, I find the Accounts to be confusing. My bank account isnt something I would classify as an expense or an income as there are both deposit