New GNUCash user

Jill Terry jill at babrees.co.uk
Mon Feb 22 01:18:25 EST 2016


Hi Shirley

I run non-profit accounts.   I don't really understand what you mean 
when you talk about transfer column and being transferred.

In GnuCash I have PayPal setup as a Bank Account in Assets.  I enter the 
transaction in the PayPal account (tot deposit) and select Income: 
Membership Dues. In the same transaction I also show the PayPal fees so 
that I can easily reconcile the PayPal account.

PayPal Account:        12.55
Expenses: Fees:          0.65
Income: Dues:                               13.20

Then, when I withdraw the money from PayPal I do a simple transfer in 
GnuCash from the PayPal Account to the Bank Account.

--
Regards
Jill Terry

On 21/02/2016 18:52, Shirley Hicks wrote:
> Hey everyone,
>
> New GNUCash user here. I’ve taken over the bookkeeping for a small nonprofit makerspace’s accounts.
>
> I’m sure that this question has been asked before, and I’m sure it’ll be asked again.
>
> However, I’m not finding a clear illustration applicable to the non-profit accounts that I’m managing (used Google search, looked through the list archives as well).
>
> While I understand double entry bookkeeping principles, I’m having a little trouble matching up my entries in GNU Cash. Would appreciate pointers.
>   
> My specific examples:
>
> Membership dues payments coming in via Paypal.
> If I understand correctly, these should show on the register as Income:Membership Dues and would be matched as Asset: Current Assets: Account where they are held?
>
> And that the transfer column in the register view should show the account to which they are transferred? Should the transaction being showing in the charge or income column?
>
> Thanks in advance,
>
> Shirley Hicks
> Birmingham, AL
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