[GNC] Recommended Accounting Books

Michael or Penny Novack stepbystepfarm at comcast.net
Mon Apr 22 10:18:42 EDT 2024


> I want to thank everyone for their input. I did come across this
> interesting book wriiten in 1868:
>
> Book-keeping By Double Entry Explained by John Findlater
> https://tinyurl.com/4zkws7dc
>
> --

Not necessarily a bad idea, because an understanding of the old 
fashioned way, pen and ink on paper, will help you understand the 
process that gnucash is automating for you. You will certainly 
understand "splits" faster, and if your book goes into the "cashbook 
accounting" shortcut (where "cash" and a small subset of the most 
popular accounts are in a separate book serving as both journal and 
ledger) since THAT closely mimics the way we enter simple (not split) 
transactions using gnucash except instead of a small subset, all ledger 
accounts <<like were an infinitely wide sheet of paper available>>

If you have NEVER done any double entry bookkeeping not crazy being 
taught "T" diagrams on up.

As a second advantage, means you are learning independent of any 
particular software implementing modern double entry. Even if you are 
using gnucash for your own books not bad if you understood the 
underlying process so could volunteer to be Treasurer of some org that 
happened to be using something else. Would be a very minimal learning curve.

Michael D Novack



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