(no subject)

[Robin Smith]

Hi Bob,

Try going to File in Gnucash, open up New Account, and a druid will 
guide you through to opening generic accounts, and accounts within those 
generic accounts by clicking on the specific generic account.  From 
those generic accounts you can create new sub-accounts or perhaps a new 
category, such as Vendors -- I haven't tried yet.  Hope this has been of 
some help.  I'm a quicken convert and once you start figuring gnucash 
out it's pretty cool.  I left microsoft because it crashed on me twice 
in a year.  I have a small business which depends heavily on its 
computer.  Good luck!  I do work on gnucash daily.

Double entry is very sound accounting so stay with it.  It requires 
every transaction to be balanced.  Think in terms to every credit there 
is a debit. For every debit there has to be a credit. That is double 
entry bookeeping.  In our relationship with our bank, our entry is 
always going to be a debit (withdrawal) and the bank side of the 
transaction is always a credit.  The bank treats the account just the 
opposite because as our account to us is an asset because it's our 
money, to the bank it is a liability, because they have to pay the money 
back on demand (after exacting their pound of flesh).

Good luck!  Hope this was of some help.

Regards,
Robin @ Robin's Nest, Bed & Breakfast Inn
1.800.622.8343  -or-  713.528.5821
http://www.therobin.com/



Mon, Jan 06, 2003 at 04:55:58PM -0500, Robert L. Duff was heard to remark:

 >    Help - am using Quickbooks Pro  and wanting to switch to GnuCash
 > only.  Had trouble migrating so I just started new accounts.  Question
 > is, how do I enter "Vendors" (as in QB) ?  Also am having trouble
 > listing my vendors and what I owe since this double entry is driving me
 > nuts.  Where can I get a book (in understandable English - not acctg
 > english) to assist me?  This program looks  fantastic and I am going to
 > switch entirely away from the famous blue screen and this is my first
 > step.  Any assistance you can give me would be greatly appreciated.
 > Thanks - BOB-


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