Questions tagged [gnucash]

For questions related to the GnuCash personal and small-business financial-accounting software freely licensed under the GNU GPL. As this is a personal finance site, questions about usage of the software are preferred over technology-related questions.

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17
votes
3answers
12k views

In double entry accounting, how does income become equity?

Using GNUCash, help, putting it all together, I'm accounting for a lottery income transaction. I was able to get the example shown with 2 transactions. 1. Dr. Savings 750,000 Cr. Income:...
5
votes
1answer
2k views

Recording claimable expenses in GnuCash

I am new to accounting and trying to learn a few things as my accounts get more and more complicated. I currently use GnuCash to record simple income/expenses/assets/liabilities and have had a new ...
4
votes
5answers
4k views

In double entry accounting, as an employee, how do I enter expenses?

I'm new to accounting and just started using GnuCash for my personal finances. Question As an employee (not a company), how would you enter the following transaction into GnuCash? Situation I make ...
10
votes
4answers
11k views

How to fix Finance::Quote to pull quotes in GnuCash

I made the jump from Jumsoft's Money app to GnuCash a while back. It appealed to all my OCD tendencies. I don't know how to use Perl, or stuff of the sort, but with detailed instructions I manage to ...
9
votes
3answers
7k views

How to handle cash back or rewards in Gnucash, what account

One of my credit cards gives me a cash back reward that I have credited to my account when it build up to a large enough amount. What account should I use for it, or is there a specific way to handle ...
5
votes
1answer
5k views

How to record a written put option in double-entry accounting?

I have been using double-entry accounting to carefully track my financial situation for a couple of years now, but I am just dabbling with stock options for the first time. I wrote a put option (sold ...
16
votes
2answers
2k views

What is the best cross-platform GPL personal finance tool available?

If I want desktop, web and mobile (preferably Android) access to all my accounts and assets, in a personal finance tool, what would you recommend I look at? Until Wesabe cancelled their web dashboard ...
12
votes
2answers
3k views

Good way to record currency conversion transactions in personal accounting software?

I have deep personal financial connections to two countries, with different currencies. (They happen to be Canada/CAD and USA/USD, but I don't think that's material.) I have multiple bank and ...
8
votes
1answer
1k views

Gnucash category structure for funds distributed across multiple bank accounts

In Gnucash, what is the best way to structure category accounts which will hold funds distributed across several bank accounts? In Canada we have Tax Free Savings accounts which return more interest ...
20
votes
4answers
21k views

What headaches will I have switching from Quicken to GnuCash?

I'm interested in switching to an open source checkbook program. I currently use Quicken and I'm interested in switching to GnuCash but I have usability concerns. Does GnuCash have all the features ...
4
votes
3answers
6k views

How to resolve imbalances and orphan transactions in Gnucash?

I am a new Gcash user. I Installed Gcash and imported couple statements from my bank. It is all good except that I now have huge imbalances. And I do not know how to handle this. I looked around the ...
17
votes
2answers
12k views

Starting with GnuCash. How to eliminate automatic entries ending up in the “unbalanced” account?

I just started using GnuCash and there is something I do not quite get how to get rid of (and whether I should try to get rid of). When I start importing transactions, I have expenses, income, etc. ...
9
votes
1answer
2k views

Gnucash: Add new column for bookings

Is there a way to add a custom column for accounts in gnucash, so that I can add special information to bookings like: "Who added the entry?" or "What is the date of the bill?" I could input this ...
7
votes
2answers
3k views

In double-entry book keeping, is income always negative?

I've begun trying to learn some money managing techniques, but when fiddling with gnucash I've found that in double-entry accounting, where all money has to come from somewhere, the income accounts ...
7
votes
1answer
503 views

How to double-entry bookkeep money incoming from sold items?

I started doing double-entry bookkeeping with GnuCash to keep track of my personal finances, down to the penny. I have as assets my bank account and "cash in wallet", and many expense accounts for ...
4
votes
2answers
1k views

How separate individual expenses from family expenses in Gnucash?

After discussing the finances with my spouse I realized that there is no way to easily determine whether an item was purchased as part of our individual accounts, or our combined family account. ...
3
votes
3answers
774 views

Accounting equation: does income really decrease equity?

I am new to using double-entry bookkeeping for personal finances. GnuCash uses a variant of the accounting equation that has five variables, and which seems to be known colloquially as an "expanded" ...
2
votes
1answer
952 views

Gnucash: How to track similar expenses in two currencies appropriately?

Suppose that someone spends most of their life in one country with currency X, and a few years in another country where they have currency Y. Let's suppose also that the person earns a similar income ...
1
vote
1answer
369 views

How do I join transactions after importing from multiple bank account statements in GNUCASH?

I found this but I don't feel it really solves the issue. When importing from two mt940 statements, which have transactions between each other, how can they be "joined" as double entries between the ...
6
votes
2answers
1k views

Gnucash: Tags/ Multi-category

this is a question about if a certain feature exists of how other useres "do it": Can i attribute different or multiple cost centers to a transaction? Example: I went on holidays and paid a flight. ...
4
votes
1answer
1k views

How do I track an interest free loan I made in GNUCash? How do I track payments against that loan?

I use GnuCash for my personal accounting since 2008. As I am not a native English speaker, I struggle with the understanding of some GnuCash manual terms and explanations that I do not use in my daily ...
4
votes
1answer
511 views

gnucash - Record several years data

Currently I am using GnuCash to record my personal expenses. I am using it since the last year, so in my master book I have records belonging to the years 2013 and 2014. Is that the correct way to ...
4
votes
1answer
468 views

Gnucash: Keyboard shortcut to move to blank transaction?

When entering transactions in Gnucash, there is a toolbar icon to jump to "Move to the blank transaction at the bottom of the register". What is the equivalent keyboard shortcut to do that?
1
vote
3answers
602 views

GnuCash setup for personal and shared money in the same account

I have arrangement with my spouse that everything that we earn is "shared" but we get monthly allowance that is personal. We get our salaries to personal accounts and tract how much we owe to in ...
1
vote
3answers
335 views

double entry bookkeeping loan to myself

I have 3 accounts - savings, outgoing, and loan. I have $100 in savings. I then receive $50 into savings. so far, so good. Then I want to 'borrow' $25 from savings with the intention of paying it ...