Gnucash usage for small banks and GL derivation rules

[Robert Heller]

At Wed, 21 Jun 2017 07:40:35 -0400 stepbystepfarm at dialup4less.com wrote:

> 
> On 6/20/2017 12:02 PM, Adrien Monteleone wrote:
> > First, I don’t think GnuCash is recommended for any case but personal finances, clubs, and small businesses. A financial institution is on an entirely different level. As David noted, I certainly wouldn’t want to be a customer of such a bank. (now, if they liked GC so much they decided to fully fund its development to get it to an acceptable state for that case, I might change my mind)
> I am not sure I understand that answer. During my lifetime, banks, 
> especially small banks were still using pen and ink on paper (computers 
> became available for business purposes the first decade after WW II)
> 
> Gnucash is perfectly able to mimic (automate) what old fashioned 
> bookkeeping did. In many ways a bank is easier (more complete) than most 
> businesses. The main lack in gnucash is no provision to receive "feeds" 
> from other business systems (inventory, point of sales, etc.)
> 
> Michael D Novack
> 
> PS: If what you were meaning was just that gnucash did not come with a 
> built up skeleton (sample of initial accounts) designed for a banking 
> business, that is another matter entirely. But we can all come up with 
> specialized uses for which "no set up skeleton provided".  It  doesn't 
> make gnucash unsuitable just because you have to "roll your own" CoA.

I *expect* that the OP might be thinking of the fact the Gnucash does not 
include internal encryption.  That is better handled at other levels (such as 
using an encrypted file system (eg Luks or TrueCrypt or something like that).

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