Reluctantly Going Back to QuickBooks

[Edward Doolittle]

It's unfortunate that equity (sub)accounts can't hold shares. If they
could, shares could be an opening balance rather than currency.

There is an asymmetry in the way GnuCash handles currency vs. equities that
some of us have questioned. I wonder whether there is a reason for the
asymmetry that I'm missing. If not, it shouldn't be too hard to patch.


On 9 February 2015 at 12:54, Jan Steinman <Jan at ecoreality.org> wrote:

> > From: Jill Terry <jill at babrees.co.uk>
> >
> > I am planning on switching my business over to GnuCash from QuickBooks
> at the beginning of my financial year (1st March). But I won't be even
> trying to import, I shall just put opening balances in.  If you really want
> to switch, could you not do that?
>
> Yea, I considered that. But we have a lot of long-term obligations
> (investment shares) in there that can't really be dealt with via "opening
> balance."
>
> I considered importing only the long-term obligations (by re-entering, if
> necessary), but since those funds flowed through the checking account, it
> would make the opening balance messy.
>
> I agree that QuickBooks is tenuous. I might put all the long-term
> obligations into MySQL, and use GnuCash only for current accounts. But that
> gets messy, because some of our share classes (community supported dairy,
> for example) have a lot of turn-over.
>
> There's no perfect solution, unfortunately. I'll re-evaluate next December.
>
> :::: Just as the increase in fossil fuel consumption changed farm workers
> into industrial workers, so a coming decrease in fossil fuel availability
> may change today's industrial and service workers into agricultural
> workers. -- Pat Murphy
> :::: Jan Steinman, EcoReality Co-op ::::
>
>
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-- 
Edward Doolittle
Associate Professor of Mathematics
First Nations University of Canada
1 First Nations Way, Regina SK S4S 7K2

« Toutes les fois que je donne une place vacante, je fais cent mécontents
et un ingrat. »
-- Louis XIV, dans Voltaire, Le Siècle de Louis XIV, Chap. XXVI