[GNC] Recommend Accounting Books

[Michael or Penny Novack]

> Please be aware that the inventory part won't be handled via GnuCash: while
> you can record your purchases and sales easily (e.g. buy $1000 worth of raw
> materials, sell $2000 worth of products), it's difficult to account for the
> raw materials inventory levels and products waiting to be sold, calculating
> profit margin etc. Other (expensive) products would likely be more suitable
> for your needs.

Not exactly. Gnucash can do the "general ledger" part of inventory 
processing. But it cannot do the other parts of it because this is JUST 
"general ledger":

So yes, when you make a sale, besides :sales and cash, can also make the 
changes to inventory (cost of) and "cost of goods sold".

BUT -- an inventory system does more than that. It would track how much 
left of (physical) inventory and where shelved. It would do something 
when the amount remaining fell below some level, provide information 
about suppliers and alternate suppliers, etc. Gnucash can;t do things 
like that for you because those parts are outside of "general ledger"

A full business system has all sorts of components, of which "general 
ledger" just one component << the one that all would have in common >>

There are commercial products out there to do "business system: for your 
sort of business and there may or may not be "free" products.

Michael D Novack