[GNC] GC Best Practices for Investment Management

[Michael or Penny Novack]

On 11/8/2023 4:42 PM, R Losey wrote:
> On Wed, Nov 8, 2023 at 12:17 PM Jediator <jediator at artemisspace.com> wrote:
>
>> After dumping QB and using GC for couple of months, I started really
>> enjoying its features and simplicity. \

>> I dumped Quicken about 7.5 years ago and went with GnuCash and haven't
>> regretted it.

Both QuickBooks and Quicken are products of Intuit but they are NOT the 
same.

QuickBooks is double entry bookkeeping like gnucash is. Users of 
QuickBooks should have a minimal learning curve because they are not 
having to learn double entry bookkeeping at the same time as differences 
between how you use QuickBooks and how you use gnucash to do double 
entry bookkeeping.

Quicken is not double entry bookkeeping. So making the transition to 
gnucash the user has to learn  the fundamentals of double entry 
bookkeeping at the same time. Those fundamentals have little to do with 
how to do it using gnucash (same fundamentals if the old days of pen and 
ink on paper -- the shortcut of entry of simple transactions directly in 
the ledger without a journal entry existed back then too, if only 
applicable to a subset of the ledger)

Michael D Novack