Your help please

[Rafferty Uy]

Hi Earle,

The help document should suffice for initial set-up. But basically, what you
have to do is to create the following main account "placeholders" (there is
a "placeholder" checkbox when creating new accounts):

1. Assets
2. Income
3. Expenses

Then, feel free to create sub-accounts for each of these categories. For
example, you can do the following:
Assets
- Earl
  -- On hand
  -- Bank of America (or some other bank)
- Earl's Wife
  -- On hand
  -- Wellsfargo (or some other bank)
- Shared Accounts
  -- Standard Chartered (or some other bank)

Income
- Earl
  -- Salary
  -- BOA Interest
  -- Others
- Earl's Wife
  -- Commission
  -- WF Interest
  -- Others
- Shared Income
  -- SC Interest
  -- Others

Expenses
- Car repairs
- Grocery
- Others


After this is done, you can start placing transactions (just read the help
file to know what the concept of transactions are).

Just a word of advice... the initial set-up of GnuCash is time consuming,
especially if you have a lot of breakdown for your assets, income, expenses,
etc. It took me more around 5-6 hours to set up my accounts properly, but it
is well worth it!

I can now say good bye to my old excel spreadsheets where I have been doing
everything manually for the last 4 years. I have assessed a lot of other
software out there and only GnuCash met my requirements.


Have fun managing! :)

Rafferty D. Uy
Software Engineer @ ease solutions Pte. Ltd.
MBA Student @ National University of Singapore

"Being a CEO is like answering a call to bring the organization to a better
place than where you found it."
~ Ed Ludwig (CEO of Becton, Dickinson)


On Wed, Jan 14, 2009 at 10:47 PM, Earle Rheaume <earleb at rogers.com> wrote:

> Sir or Madam,
>
>
>
> I am setting up my two accounts. One for my wife and the other for myself.
>
>
>
> We are initially interested in posting our expenses including car repairs,
> food & fruit etc.
>
>
>
> After we become more proficient we may investigate other applications.
>
>
>
> Please advise the steps involved.
>
>
>
> Earle Rheaume
>
> (613) 834-2635
>
> earleb at rogers.com
>
> 940 Lucille Way
>
> Ottawa, Ontario
>
> Canada
>
> K4A 4H9
>
>
>
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