[GNC] Moving from Quicken

[barry milliken]

Thanks for your answer.
When I said personal accounting I oversimplified.
My wife and I both have independent consulting businesses.
That means we have 3 bank accounts and six credit cards for a total of 9 "accounts" (transaction sources)
Managing downloads manually would be too cumbersome.
How does Gnucash allow me display my source accounts separately?
Thanks


Barry Milliken
________________________________
From: R Losey <rlosey at gmail.com>
Sent: Monday, January 8, 2024 11:17:58 AM
To: barry milliken <barry.milliken at outlook.com>
Cc: gnucash-user at gnucash.org <gnucash-user at gnucash.org>
Subject: Re: [GNC] Moving from Quicken

I, too, left Quicken about 8 years ago and changed to GnuCash. I had a slight familiarity with double-entry accounting, and I've seldom had any issues with GnuCash.

I thought about importing Quicken data, but then decided against it... I reasoned that if I really did need to reference something I had in Quicken, I could open those files.  In fact, I think I opened Quicken two or three times in the first couple of years, and haven't touched it since. It's just something to think about.

I had trouble getting the downloads from financial institutions to work, so I do them manually and regularly reconcile. I don't really miss this function, but it is possible.

As you will have heard, GnuCash doesn't have "categories"; it has "accounts". At the risk of offending a great multitude of GnuCash users, from the practical point of view, GnuCash accounts are very much like categories in Quicken. I know that they are not really the same thing, but as a former Quicken user, they are.

In my experience, the one thing I had trouble with in GnuCash were the reports - most of them seem to need some kind of tweaking to get them to do what is wanted. Here's another thing to think about: instead of assigning accounts as "tax deductible", if you have an account whose transactions are deductible (such as charitable giving, you can create a report for just these accounts. You just need the discipline to only enter deductible items in such accounts. I do know that there is a US tax setup feature, but I haven't made  full use of that -- and the report using the accounts I want to know about for tax reasons works well enough for my needs.

RL

On Sat, Jan 6, 2024 at 9:50 PM barry milliken <barry.milliken at outlook.com<mailto:barry.milliken at outlook.com>> wrote:
I've been frustrated using Quicken for years.  Maybe GNUcash will do what I want.

My list of functions is small:
I use Quicken for personal accounting, mainly to categorize transactions for tax reporting.
Can GNUcash do these things:
- import data from a Quicken QDF file as a starting point.
- allow downloads of transactions from my bank accounts and credit cards.
- allow me to assign a category to each transaction.
- create categories (or import quicken categories) and assign each as tax deductible or not.
- report and summarize tax deductible transaction at tax time.

That's all I care about.

Thanks


Barry Milliken

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--
_________________________________
Richard Losey
rlosey at gmail.com<mailto:rlosey at gmail.com>
Micah 6:8