Oct 20, 2023 00:03:40 Edwin Booth via gnucash-user :
> I need to wrap my head around the whole “debit/credit” concept.
One thing that helps me keep it straight is that money flows from credit to
debit. Credit the account that money is coming from, debit the account that
money is going to. There
It *IS* hard because the accounting use of debit/credit is different from
the common or colloquial usage of the words. In everyday usage, people tend
to use "debit" as a synonym for "decrease" and "credit" to mean "increase",
and that is NOT the case in accounting, as the tutorials helpfully explai
I need to wrap my head around the whole “debit/credit” concept.
One thing that helps me keep it straight is that money flows from credit to
debit. Credit the account that money is coming from, debit the account that
money is going to. There is more to consider of course, like whether an account
Thank you Michael. The ancient history of these terms is really interesting. I
don’t really “get it” yet but I see the idea here. Very hard to set aside the
use of credit and debit in the modern sense and use them in a very different
way. Counter intuitive.
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O
On 10/20/2023 11:47 AM, Edwin Booth wrote:
Thank you Michael. The ancient history of these terms is really
interesting. I don’t really “get it” yet but I see the idea here. Very
hard to set aside the use of credit and debit in the modern sense and
use them in a very different way. Counter intui
Oct 20, 2023 09:06:46 Michael or Penny Novack :
> That might not be of much help (understanding the terms "debit" and "credit")
>
> History might, …
My point was that you don't *have* to learn all that before GnuCash will be
useful to you. The history *is* helpful to understand the terms fully,
Hi there,
I am new to gnucash, so please pardon me if this sounds too simple a
question.
How do I schedule transactions to automatically add a percentage interest
for a fixed deposit for a fixed deposit account?
https://en.wikipedia.org/wiki/Fixed_deposit
The material on how to enter/use simple
A help to me was to turn off 'Use Formal Accounting Labels" in the settings
when I started (and have never enabled that.) I feel it is much easier to
understand for non-accounting people.
On Fri, Oct 20, 2023 at 12:53 PM Mark via gnucash-user <
gnucash-user@gnucash.org> wrote:
> Oct 20, 2023 09
On 10/20/2023 4:13 PM, Fross, Michael wrote:
A help to me was to turn off 'Use Formal Accounting Labels" in the settings
when I started (and have never enabled that.) I feel it is much easier to
understand for non-accounting people.
Some of you will find the "user friendly" column titles easi
https://lists.gnucash.org/pipermail/gnucash-user/2023-October/109184.html
Edwin Booth wrote:
> I need to wrap my head around the whole “debit/credit” concept.
No you don't but you do need to understand the concept of account types and
moving money between them. I've studied economics at Uni, evalu
I do agree with the comments in your previous post that the concept of
transactions needs to be explained before or at least in parallel to concept of
accounts. I rewrote a fair bit of the basics section of the guide when I was
fresh out of an accounting master's which might account for its more
Hello,
I'm new to GnuCash. Making the switch from Quicken. I'm excited about being
able to access my raw data!
Background info:
My OS is Ubuntu 23.10.
Running gnucash --version in the terminal returns:
GnuCash 5.3
Build ID: 5.3+(2023-06-26)
I installed it through the Software Center.
I did sp
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