Re: [GNC] Tutorial and Concepts

2024-11-24 Thread Michael or Penny Novack via gnucash-user
On 11/24/2024 12:04 AM, R Losey wrote: Now this puzzles me... double entry bookkeeping is double bookkeeping, whether a transaction has the simple case of "used my credit card to buy gas" or a transaction with a dozen accounts (such as a paycheck, with deductions for 401K, medical insurance, de

Re: [GNC] Tutorial and Concepts

2024-11-23 Thread R Losey
Now this puzzles me... double entry bookkeeping is double bookkeeping, whether a transaction has the simple case of "used my credit card to buy gas" or a transaction with a dozen accounts (such as a paycheck, with deductions for 401K, medical insurance, dental insurance, social security taxes, medi

Re: [GNC] Tutorial and Concepts

2024-11-23 Thread R Losey
I highly concur with you, Liz, about learning incrementally. I learn one part, and when I have it down, I branch out and learn something new. Of course, it's very true that people learn in different ways. I started out just using GnuCash to register my expenses... I kind of ignored deferred income

Re: [GNC] Tutorial and Concepts

2024-11-23 Thread Michael or Penny Novack via gnucash-user
I have not been saying need to know much about double entry bookkeeping TO GET STARTED USING GNUCASH and the new user won't have to do much with equity beyond opening entries if never "closing the books" << much EXPLICITLY with equity -- accounts of type "income" and "expense" are actually type

Re: [GNC] Tutorial and Concepts

2024-11-23 Thread Sebastian Naumann - MERCATORZ INTERNATIONAL GmbH & Co. KG via gnucash-user
us, wenn es nötig ist. From: gnucash-user on behalf of Michael or Penny Novack via gnucash-user Sent: Saturday, November 23, 2024 9:43:36 PM To: gnucash-user@gnucash.org Subject: Re: [GNC] Tutorial and Concepts I have not been saying need to know much about double entry book

Re: [GNC] Tutorial and Concepts

2024-11-23 Thread Liz
On Sat, 23 Nov 2024 13:08:54 -0500 David Warren wrote: > I understand this answer, and agree that double-entry accounting does > not need to be 'daunting', but I don't really agree that the typical > 'basic' personal finance user is mostly going to make simple entries > that credit a bank account

Re: [GNC] Tutorial and Concepts

2024-11-23 Thread Liz
On Sat, 23 Nov 2024 12:02:17 -0500 Michael or Penny Novack via gnucash-user wrote: > I do not see how one can use a tool that automates a process with no > understanding of the process. That's the way I do programming, find an example, change some parameters and test the result. Analyse result

Re: [GNC] Tutorial and Concepts

2024-11-23 Thread Liz
On Sat, 23 Nov 2024 08:15:29 -0600 R Losey wrote: > Sometimes, it is not a matter of understanding double-entry > accounting or bookkeeping, but much more "how is this commonly > done?". This group, at times, seems to throw out the "go learn > double-entry bookkeeping" or "read the manual" just a

Re: [GNC] Tutorial and Concepts

2024-11-23 Thread David Warren
I understand this answer, and agree that double-entry accounting does not need to be 'daunting', but I don't really agree that the typical 'basic' personal finance user is mostly going to make simple entries that credit a bank account and debit an expense account simply to record purchases. Here a

Re: [GNC] Tutorial and Concepts

2024-11-23 Thread Stan Brown (using GC 4.14)
On 2024-11-23 10:08, David Warren wrote: > I understand this answer, and agree that double-entry accounting does > not need to be 'daunting', but I don't really agree that the typical > 'basic' personal finance user is mostly going to make simple entries > that credit a bank account and debit an ex

Re: [GNC] Tutorial and Concepts

2024-11-23 Thread Patrick James via gnucash-user
Generally using "credit cards" involves a liability account, not an asset account. > On 11/23/2024 9:38 AM PST Phyllis Bruce wrote: > > Whenever you spend money, you identify the source of the money (your bank > accounts or credit cards or cash from your wallet.) Those are your assets. > You

Re: [GNC] Tutorial and Concepts

2024-11-23 Thread Phyllis Bruce
Thanks, Mr. Losey for getting this particular ball rolling. I don't have an accounting degree but I was a budget analyst for many years using various computer programs. It is not necessary for many users to understand double entry accounting in order to use Gnucash. Whenever you spend money, you

Re: [GNC] Tutorial and Concepts

2024-11-23 Thread Michael or Penny Novack via gnucash-user
On 11/23/2024 9:15 AM, R Losey wrote: I changed the subject because I want to start a discussion regarding the below comment, which regularly appears in this group (I am not throwing rocks at Stan). Sometimes, it is not a matter of understanding double-entry accounting or bookkeeping, but much m

Re: [GNC] Tutorial and Concepts

2024-11-23 Thread R Losey
I changed the subject because I want to start a discussion regarding the below comment, which regularly appears in this group (I am not throwing rocks at Stan). Sometimes, it is not a matter of understanding double-entry accounting or bookkeeping, but much more "how is this commonly done?". This g