[GNC] New user - help understanding accounts

Anton Hughes anton.c.hughes at gmail.com
Fri Dec 13 03:38:26 EST 2019


Thank you Jeffrey



On Fri, 13 Dec 2019 at 21:13, Jeffrey Tsang <obscurans at gmail.com> wrote:

> PS: the action for "Edit Account" also allows you to change what the
> parent account is, which can changes the allowable account types.
>
> Once you move the parent Account for your bank account away from the
> Income/Expense Accounts, it'll allow you to select Bank as the Account Type.
>
> On Fri, Dec 13, 2019 at 12:08 AM Jeffrey Tsang <obscurans at gmail.com>
> wrote:
>
>> 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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>>


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