[GNC] Coming from Quicken

[Michael or Penny Novack]

On 11/23/2025 2:52 AM, sunfish62--- via gnucash-user wrote:
> I think you and Paul are mischaracterizing Quicken.
>
> While it has been 20 years since I left Quicken behind for GnuCash, when I used Quicken, it was possible to create a transaction without categorizing it at all. In effect, a single entry.
>
> That violates the basic concept of "double entry" in Double Entry accounting.
>
It is MORE than just that. Quicken" categories" are limited in terms of 
what sort of accounts they can represent.. In double entry bookkeeping 
the other account (there are always at least two accounts) is not 
necessarily of type equity (types income and expense are temporary 
accounts of fundamental type equity). For example, if you take $1000 
from your savings account and deposit that in your checking account that 
is a transfer between two accounts both of type asset.

Do note, however, that Intuit's  QuickBooks IS proper double entry 
bookkeeping, minimal issues (and learning curve) going from QuickBooks 
to gnucash.

Michael D Novack