[GNC] New user - help understanding accounts

[Jeffrey Tsang]

Account types may be set up as "Asset", "Liability", "Equity", as well as
others, including specifically "Bank".

>From the main Accounts window either right-click within the list of
accounts or select from the Actions menu bar the action for "New Account".
In that creation window there is a choice for Account Type.

The allowable account types differ based on the *parent* account - you can
only create other Income/Expense accounts as a subaccount of an Expense
account for example.

A bank account would be listed under a top-level account of type Assets (if
none exist, you can create one, and for the Parent Account select "New top
level account"). For subaccounts of an asset account, you can select "Bank"
as the account type.

On Thu, Dec 12, 2019 at 11:59 PM Anton Hughes <anton.c.hughes at gmail.com>
wrote:

> Hello
>
> I'm trying to setup gnucash to do my bookkeeping.
>
> I've downloaded all of my transactions from my bank account, and can import
> them into gnucash
>
> However, I find the Accounts to be confusing. My bank account isnt
> something I would classify as an expense or an income as there are both
> deposits and withdrawals.
>
> To me, it seems that the gnucash 'Account' is more of a description, or
> category, of a transaction, eg, Office supplies, and not analogous to a
> bank account.
>
> Is there another concept in gnucash that is specifically for bank accounts?
>
> Thanks
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