[GNC] Creating new file and accounts

[David Carlson]

I cannot say for certain as I am still using release 3.8,  but I believe
that release 4.4 has had a major improvement to the account selector in
that it no longer requires strict entry of parent accounts in order to
select child accounts.  Thus, if your primary concern is the number of
keystrokes for entry, there would be little or no advantage to dropping
parent accounts from your tree.  You might save a little ink if you did
print something out.

Which brings up the second major improvement, the reports are most of the
way through a major overhaul, so you might find that you can stop using
external spreadsheets for some or all of your reports.

Now that I think about it, you probably need to keep the top level accounts
as they determine the attributes that child accounts use to maintain
adherence to the accounting rules.

On Sat, Feb 20, 2021 at 1:33 AM Jamestk <davidjamestk at hotmail.co.uk> wrote:

> Hello good folks,
>
> Having used GNC for many years the time has come to create a new data file
> along with associated accounts. Before doing so i wanted to reacquaint
> myself with the basic principals behind GNC operation, basically because i
> would like to simplify my data entry.
>
> Firstly, is it necessary to create accounts under each heading such as
> 'expense' 'credit card', 'bank account' and so on?
>
> My thoughts are yes if you intend to run balance sheet or cash flow
> reports,
> in my situation I export accounts individually into HTML then excel or
> similar
>
> My reasoning is to reduce the number of keystrokes or scrolling when
> entering data, for example typing in a petrol receipt currently requires
> expense:car:petrol to be selected in drop down, it would be far easier to
> hit the shortcut key for petrol if petrol were a main and not sub account
> (if that makes any sense?)
>
> To summarise, my main objective using GNC is very basic double entry book
> keeping to ensure cash ends up where it's sent and duplicate entries are
> not
> made, for any report I use excel.
>
> Thanks for reading
>
>
>
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-- 
David Carlson