[GNC] QUESTION: transaction classes (tags) like QuickBooks?

[Adrian Yong]

Hi Zi,

I was a QB user as well and have recently switched to Gnucash...

I have tried splitting expenses claims like Quit Rent & Assessment as an
expense claim but split into Quit Rent and Assessment as separate Expenses
in P & L...

The one thing which I have trouble with is the General Ledger which QB
lists the opening and closing balances and all the transactions in between
for individual ledger accounts... In Gnucash, you won't get that but the
argument is we enter data using a double entry procedure, so *assuming that
the transactions are entered correctly,* the opening and closing balance
should be reflected in the Account Tree or Balance Sheet...

As I am not super confident that the transactions are entered correctly, I
do have a problem with this...

As Gnucash is still under development, there are a lot of updates and I am
hearing of people having difficulties in locating their files after
updating... I think the current version is 3.10 and I am on 3.x... I have
this fear of updating to 3.10... Maybe I will do it after my auditors
confirmed that they have got everything they need...

Regards,
Adrian

On Mon, 22 Jun. 2020, 17:52 Zi via gnucash-user, <gnucash-user at gnucash.org>
wrote:

> Hi
>
> I've used QuickBooks for years and am seriously considering finding a
> (*non*web based) alternative. GnuCash looks very promising, but here's the
> million-dollar question (and yes, I browsed the whole site, the manual, the
> FAQ, etc. trying to find an answer to this question!)
>
> In addition to the accounts and sub-accounts that inform reconciliation
> and P&L type reporting, is there a way to *class* transactions the way
> QuickBooks does? In other words, can one, while entering a transaction,
> enter something like the following:
>
> (vendor) Local Electricity Provider
> (amount) $ total amount of bill
> (split line one account) "utilities" AND THEN
> (*class*) address of investment property and unit #
> (split $ amount for this property)
> (split line two account) "utilities"
> (*class*) address of *other* investment property and unit #
> (split $ amount for *that* property)
> etc.
> thus allowing a property manager to show expenditures around *each
> particular* property.
>
> OR for instance one travels sometimes, and needs to record the expenses.
> Like, the appropriate transaction accounts for such would include "meals",
> "lodging", etc. and the CLASS for each could be "Las Vegas 2020", or
> "Phoenix 2019" thus giving one a way to show the expenditures for a
> *particular* trip.
>
> If GnuCash provides this functionality, I will likely switch over to it!
> If, however, it does not, Intuit must, sadly, still win.
>
> Thanks so much!
>
> Sent from ProtonMail mobile
> _______________________________________________
> gnucash-user mailing list
> gnucash-user at gnucash.org
> To update your subscription preferences or to unsubscribe:
> https://lists.gnucash.org/mailman/listinfo/gnucash-user
> If you are using Nabble or Gmane, please see
> https://wiki.gnucash.org/wiki/Mailing_Lists for more information.
> -----
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
>