GnuCash Income - How to manage?
Mike or Penny Novack
mpnovack at mtdata.com
Sun Jul 12 15:14:50 EDT 2015
pick the proper income account. Once you enter the transactions, the
deposit will show in your checking, but also you can see it in the
income account you picked.
Gnucash is set by default to use (supposedly) more user friendly titles
for the columns. But different people have different learning styles, so
if new to double entry bookkeeping and you are having trouble "getting
it" when presented this way you can tell gnucash to use the old
fashioned "debit" and "credit", left side of ledger vs right side of
ledger, and see if that makes it easier for you to learn. In the course
of that you learn which sorts of accounts normally have a debit balance
and which a credit balance (a ledger account is said to be on that side
of the ledger that matches its normal balance).
For ANY transaction, the net debits must total the net credits (the
fundamental principle of double entry bookkeeping).
Michael
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