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16 votes

In the envelope system, how often do I "clear" my envelopes?

It depends on which "envelope" we are talking about, and it also comes down to personal preference. Before we talk about the two strategies, it is important to note, as you do in your ...
Ben Miller's user avatar
  • 116k
15 votes
Accepted

Gnucash Mutual fund changes number I enter

This is the problem: Security/currency: USD (US Dollar) You have told GnuCash that the account holds quantities of USD, and thus it expects that the “price” is exactly 1 since you are “buying” USD ...
Kevin Reid's user avatar
13 votes
Accepted

How to account for months lapse in tracking finances

I'd say you have a couple options that differ by the amount of time required. Option 1: Export your checking/credit card ledgers from your banks for the unaccounted for periods you mention then ...
Andy's user avatar
  • 1,448
13 votes
Accepted

Why is GnuCash now tracking share prices in fractions?

To follow up in 2019, gnucash version 3.3 and later have fixed the bug discussed in the other answer by Geert Janssens. But you must go to Preferences -> General and select Force Prices to display as ...
ender.qa's user avatar
  • 468
12 votes

How to delete multiple transactions at once in GnuCash?

As a workaround I made a shortcut key for deleting transactions. With GnuCash closed, I modified the accelerator-map file. In GnuCash 2.6 and older: C:\Users\username\.gnu-cash\accelerator-map In ...
User's user avatar
  • 393
11 votes

In the envelope system, how often do I "clear" my envelopes?

The envelope or cash-stuffing system is a take on a zero-based budget. In a zero-based budget you plan what will happen with every dollar of income (give every dollar a purpose). That doesn't mean it ...
Hart CO's user avatar
  • 70.5k
10 votes
Accepted

Gnucash fee option

You're on the right track. Typically you start with the asset being withdrawn from - in this case I'd start with your bank account you made the withdrawal from - let's call it Assets:CurrentAssets:...
Andy's user avatar
  • 1,448
9 votes

Why is GnuCash now tracking share prices in fractions?

Just noticed that in Gnucash 4.2. Awful. Annoying. Not only are the fractions hard to read, they take up twice as much space! The preference is now Numbers, Date, Time > Force prices to display as ...
Bill Wohler's user avatar
8 votes

How do I record a purchase of gas in a gnucash chart of accounts?

As for recording this in a double-entry accounting system, you're absolutely on the right track. You need to credit the source of funds (your Cash account in this case) with $50, and debit the ...
Greg Schmidt's user avatar
  • 1,488
8 votes
Accepted

What accounting entries should I make for writing off a personal loan?

You'd debit "Bad Debt Expense" or comparably named expense account. Edit: I like glglgl's idea of the same account as gifts to keep number of accounts low, it's really just a matter of ...
Hart CO's user avatar
  • 70.5k
7 votes
Accepted

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

The Yahoo Finance API is no longer available, so Finance::Quote needs to point at something else. Recent versions of Finance::Quote can use AlphaVantage as a replacement for the Yahoo Finance API, ...
Brian's user avatar
  • 86
7 votes

Gnucash: Tags/ Multi-category

There are multiple methods for grouping transactions, whichever you use is a matter of preference. By source account: Many people do this implicitly, for example by placing all holiday expenses on a ...
Derek_6424246's user avatar
7 votes

How to delete multiple transactions at once in GnuCash?

As a follow-up to this very useful info, on a Windows PC, the file is located in: C:\Users\UserName\AppData\Roaming\GnuCash\accelerator-map The way the edited line is displayed in the above answer ...
Tinker's user avatar
  • 71
7 votes
Accepted

How to enter credit card "statement credits" (e.g. cash back) in double entry accounting?

Per IRS Private Letter Ruling 141607-09 : "The portion of the credit card purchases that Taxpayers can either receive back in cash or request Company to pay to a charity does not constitute gross ...
A.K.'s user avatar
  • 328
7 votes

Is there a quicker way to enter transfer account in GnuCash if you have many accounts?

Accounts should autocomplete while you type so typing exp should show your first Expense account, typing colon will jump to the next colon with the current value selected so typing exp:gro:cof should ...
rjschnorenberg's user avatar
7 votes
Accepted

Is there a quicker way to enter transfer account in GnuCash if you have many accounts?

Another point of note is the use of account codes. As a bit of background: When a business accountant is "coding invoices" (a process very similar to your expense entering) they almost never use ...
Derek_6424246's user avatar
7 votes

Gnucash checkbook columns shrunk too far. Cannot get them back!

This is quoted from the GnuCash wiki FAQ: https://wiki.gnucash.org/wiki/FAQ#Q:_How_do_I_resize_my_register_columns.3F_Why_can_I_not_shrink_the_description_column.3F Q: How do I resize my register ...
L-gnucash's user avatar
  • 101
6 votes

What is the Equity account for in GnuCash?

My current understanding is thus: The accounting equation is Assets = Liabilities + Equity I take this from https://en.wikipedia.org/wiki/Accounting_equation. I think we take this as the ...
Brady Trainor's user avatar
6 votes
Accepted

How to make wrong amount in gnucash account in line with real amount?

In general you need to ask yourself how serious you are about tracking your finances. If your GNUCash 'cleared' balance doesn't match your statement, it represents an error on either your part or ...
Andy's user avatar
  • 1,448
6 votes

Why is GnuCash now tracking share prices in fractions?

This is a bug: https://bugzilla.gnome.org/show_bug.cgi?id=794755 Unfortunately nobody has found time to fix it yet...
Geert Janssens's user avatar
6 votes

How do I unlock my Gnucash file to continue working on my accounts?

The purpose of the lock file is simply to make sure two separate GNU Cash processes aren't trying to read and write to the file at the same time. Usually, the problem is not that you have two ...
chepner's user avatar
  • 4,466
5 votes

Double-entry accounting: how to keep track of mortgage installments as expenses?

Because a paying down a liability and thus gaining asset equity is not technically an expense, GnuCash will not include it in any expense reports. However, you can abuse the system a bit to do what ...
tristano's user avatar
5 votes
Accepted

How to record currency exchange in double entry

In GNUCash, enable Trading Accounts. Then you will see unrealized gains in the Balance Sheet. https://www.gnucash.org/docs/v2.6/C/gnucash-guide/currency_concepts1.html A set of books can only ...
base64's user avatar
  • 10.5k
5 votes
Accepted

Setup Rental Security Deposit account in GnuCash

It's still an asset because you're keeping it on your books in an interest bearing account. And it's still also a liability because as you note, the money is not technically yours and you owe it to ...
Andy's user avatar
  • 1,448
5 votes

GnuCash: expense tracking/amounts left under limits

Yes. The simplest option to track your spending over time is to familiarize yourself with the "Reports" menu on the toolbar. Take a look specifically at the "Reports > Income/Expense > Income ...
Derek_6424246's user avatar

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