[GNC] Generating Yearly Figures for Accountant/Tax Return (UK)

[Michael or Penny Novack]

> QuickBooks uses a Profit and Loss report for this functionality and
> transaction detail can be shown by running it as an Itemised Profit and
> Loss report. The appropriate accounts still need to be selected to display
> in the report though QuickBooks handles account changes better.
>
> The functionality is similar to using the GnuCash Transaction Report option
> sorting Show subtotals only (hide transaction data) which gives a really
> crap report because the data is all displayed as account totals.

If you do mean QuickBooks (as opposed to Quicken) before the 2006 house 
fire I was using Quickooks for one of the organizations (because they 
owned QuickBooks Pro for non-profits). I had freedom with the insurance 
coverage (reimbursement for computer hardware/software) and chose not to 
replace the QuickBooks. It had offered NOTHING not available with 
gnucash. In spite of its name, had NO special features suited to 
non-profits.

Back then gnucash has just the report name "Income Statement" for the 
P&L (or being an org, "Statement of Revenues and Expenses)

I have no idea why people would want to twist the "transaction report" 
to serve this purpose. Might I say, however, that there was some issue 
with how gnucash NAMES its reports. In other words, useful to have 
enough prior experience with double entry bookkeeping and its usual 
reports to recognize what the gnucash reports were. In other words, I 
want the report usually known as the UVW Report; oh, that's the report 
gnucash calls the XYZ Report.  If you are new to gnucash, I would advise 
not totally depending on what gnucash calls a report.

Michael D Novack


Michael D Novack