newbie starting with gnucash

[Derek Atkins]

Your plan would work, but it might cause you issues down the road
because gnucash cannot re-assign transactions en-masse.  So, if you
eventually want to split into multiple expense accounts (to keep
finer-grained accounting of different types of expenses) then you'll
have a lot of work to reassign all the transaction.

Take a look at the default account hierarchies in the File -> New File
druid and pick one that makes sense to you.

-derek

James Bowes <j_bowes at telus.net> writes:

> Hi folks.
>
> I have been watching this list for a while now. I would like to begin
> using Gnucash and I was thinking that I could set up a basic account
> with the standard stuff: assets, liabilities, expenses, etc.
>
> Would I first set up a placeholder and then add the basic stuff as
> subaccounts? from there I was thinking I would import a bank statement
> to help me get a handle on the money flow.
>
> Is my concept a good place to start or is there a different way to
> begin?
>
> Thanks for any and all responses.
>
> Cheers,
> -- 
> -james
>
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> gnucash-user at gnucash.org
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>
>

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available