Using gnucash

[Maf. King]

On Mon 14 October 13 13:40:09 Ed at Theabacusstudio wrote:
> Hi,
> 
> I have been advised that gnu cash would be a good accounting program for me
> to use for my furniture business, I have downloaded it and had a bit of a
> play to try and work out if it will work for me. It seems nice and simple
> which is what i'm after, I have been trying to work out whether it is
> possible to input a purchase from my business account (e.g me buying a
> table to sell on) so that the item is then added to my assets (stock).
> 
> Can you please advise if this is possible and if so how do I go about it?
> 
> Thanks.
> 
> Ed Plumb
> 

Hi Ed,

Firslty, gnucash isn't an inventory / asset management program, so don't 
expect to be (easily) able to track individual asset value and time tracking 
etc.

With that out of the way, you could handle this with a transaction from the 
Bank account and the transfer account being something like 
Assets:StockOnHand:Tables

By the way, I'm not an accountant.

HTH,
Maf.