[GNC] journal entries

[Dale Alspach]

Thanks Liz.
As I said in an earlier post I have no experience with Quicken.
Some searching produced that some users are using capabilities of
Quicken to make it act like a double entry system, but Quicken does not
enforce this. Second, Intuit has apparently sold Quicken.

Dale

On 8/15/19 5:09 AM, Liz wrote:
> On Wed, 14 Aug 2019 08:56:49 -0500
> Dale Alspach <alspachde at gmail.com> wrote:
> 
>> The start of this thread was a question from a new user about journal
>> entries as he understood them from being a Quicken user. (I believe
>> Quicken is a personal accounting version of Quickbooks. Quickbooks is
>> targeted at small to medium size businesses.) My post was an attempt
>> to explain why a new user coming from Quicken might have a different
>> notion of journal entry and not understand the responses he was
>> getting from this list.
> 
> 
> Quicken and Quickbooks are completely different. I have owned both
> (which may have been last century).
> 
> Quickbooks is double entry accounting with fancy forms which hide the
> works.
> 
> Quicken does not do double entry accounting. Hence my suggestion that
> those who come from Quicken are advised to learn about double entry
> accounting from some suitable sources.
> 
> Liz
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