GnuCash vs. Quicken

[Daryl Lee]

I let Quicken die a quiet death after several years of use and annual
upgrades at $45 a pop  and began starting over again today with
Gnucash.  I don't find the double-entry accounting any more challenging
than with Quicken.  The only real difference between the two is that what
Quicken calls "categories" are well and truly accounts; Gnucash just
recognizes that fact with their terminology and user interface.

On Wed, Dec 04, 2002 at 04:42:38PM -0500, Seth Gordon wrote:
> On Wed, 2002-12-04 at 13:06, thomas.moersch@accesscomm.ca wrote:
> > I have been using Quicken for many years but am now considering switching
> > to GnuCash.  I am having a bit of trouble wrapping my mind around
> > double-entry accounting.  I asked my accountant friend about this and he
> > said "Forget it - keep on using Quicken!  For your personal finances
> > double-entry accounting is overkill and you will soon get tired of it!"
> > What are your opinions?  I am having a hard-enough time keeping up-to-date
> > with my single-entry Quicken accounting.  Is GnuCash right for me?
> 
> The only hard thing about double-entry bookkeeping with Gnucash, in my
> experience, was getting the signs right in my credit-card accounts when
> entering balances for reconciliation.
> 
> Double-entry bookkeeping is based on the principle that money is always
> going *from* some account *to* some other account.  Your paycheck goes
> from "Income--Acme Corporation" to "Checking Account".  Your credit-card
> purchase goes from "Credit Card--VISA" to "Expense--Clothing".  Etc. 
> 
> -- 
> "If you have a flag that's bigger than your entire house, please do
> not drape the thing over your roof, so it looks like a gigantic red,
> white and blue dust cover."  --Lynda B.
> // seth gordon // sethg@ropine.com // http://ropine.com/sethg/cv.html //
> 
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-- 
Daryl Lee
Marietta, GA