Any suggestions for UK businesses - program seems quite American

[DaveC49]

Hi David,

Just looking at the definition of a current account on
http://www.banking-guide.org.uk/current-account.html it serves the same
purpose as "checking account" in the US-American terminology or "cheque
account" for those of us of more recent British origins. Apart from the
name, a cheque account is no different from any other Asset banking account.

 You may however need to set up accounts associated with the processes of
clearing cheques which you have received or written as there is usually time
delays between receipt of a cheque, depositing it  to your account and the
clearing of the funds so that they are available in your account so you can
adequately monitor your cash flow. 

The specific name allocated to accounts is easily changed by selecting the
account in the Accounts tab and then Edit->Edit Account from the menu which
will allow you to change it to whatever you wish as well as changing other
properties of the account. Right clicking in the Accounts tab allows you to
select a New Account dialogue which allows you to add new accounts to the
chart of accounts in the Accounts tab.

You could get your accountant to suggest an account structure appropriate
for your business and business processes and UK accounting practice and then
customise one of the standard structures to suit.  You will find references
in the forum archives for setting up UK VAT tax structures.

Gnucash can export in Excel csv format and most other accounting packages
can generally import csv files. At a minimum you could use this to exchange
information with your accountant for import into whatever programs he/she
uses. Check with the accountant on import/export facilities.

David Cousens 





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