Qu***en is double entry?

[Allan Beattie]

Not really.

Q doesn't have an account representing "equity" or "net worth" to which you make a periodic entry representing net income or net expense.  Nevertheless, you can make a simulated double entry report, in which the change in net worth in a period is equal to the net income or loss for the period, provided that -

(a)  you have assigned a category or a transfer to every transaction (a true double-entry system would force you to do this, by requiring a credit for every debit; Q doesn't, although it does warn you if you don't); 

and (b)  either all your accounts are in the same currency or you never change a conversion rate.

None of this is meant to be critical of Q; it doesn't pretend to be an accounting system.  However, I look forward to exploring Gnucash.
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