[GNC] GnuCash preferred OS - Windows or Linux

Michael or Penny Novack stepbystepfarm at comcast.net
Tue Aug 1 08:53:15 EDT 2023


On 8/1/2023 4:29 AM, Ben Kamen wrote:
> On 7/27/23 11:55 AM, Adrien Monteleone wrote:
>> GnuCash won't let you make 'double entry errors'. 
>
> Well - I think I used the wrong term...
>
> When i say "double entry" - I'm meaning having to manually enter 
> transactions from banking statements into accounting software.I'd like 
> to avoid that if possible just to avoid the mistakes.
>
> Maybe it ultimately won't matter. Haven't decided yet.
>
> Cheers,
>   -Ben
>
a) Absolutely do not in this forum use the term "double entry" for other 
than its main purpose.

b) NO, you should already have manually entered those transactions into 
your books when you wrote the checks, made the EFT, made a deposit, etc. 
Then when you have the (monthly?) statement from the bank you reconcile 
what your account has with what the bank indicates you have. You make 
sure these agree or at least know why they don't.

For example, if you are JUST bringing what the bank has into gnucash how 
would you EVER detect that somehow an automatic monthly EFT was taking 
place that you didn't set up (didn't think you had authorized).

Michael D Novack




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