[GNC] I need basic help

Michael or Penny Novack stepbystepfarm at comcast.net
Fri Oct 20 16:51:03 EDT 2023


On 10/20/2023 4:13 PM, Fross, Michael wrote:
> A help to me was to turn off 'Use Formal Accounting Labels" in the settings
> when I started (and have never enabled that.)  I feel it is much easier to
> understand for non-accounting people.

Some of you will find the "user friendly" column  titles easier. Just 
have to realize that they will depend on the type of account and will at 
rare times be very confusing because for THIS transaction not making 
much sense.

Others will find "formal" easier because debit will always be the left 
column, credit the right column (used to be sides of the ledger page, 
but thank goodness that's obsolete) That will be the same no matter what 
kind of account.

Gnucash is of course showing THREE columns, that one farthest to the 
right being the running balance. That didn't exist in the old days 
either. These days we are comfortable dealing with negative numbers (a 
negative balance means balance in the opposite sense to what is normal 
for that type of account).

Michael D Novack





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