Book Image

Gnucash 2.4 Small Business Accounting: Beginner's Guide

4 (1)
Book Image

Gnucash 2.4 Small Business Accounting: Beginner's Guide

4 (1)

Overview of this book

Attention, small business owners! Stop tax-day stress. Stop procrastinating with a shoebox full of receipts. Stop reinventing the wheel with a spreadsheet. Stop making decisions simply on a hunch. Stop wasting money on software that is overkill. Start by downloading GnuCash and getting your accounts in order. Designed to be easy to use, yet powerful and flexible, GnuCash allows you to track bank accounts, income, and expenses. As quick and intuitive to use as a checkbook register, it is based on professional accounting principles to ensure balanced books and accurate reports. You can do it and Gnucash 2.4 Small Business Accounting Beginner's Guide will help you get up and running with maintaining your accounts. Gnucash 2.4 Small Business Accounting Beginner's Guide speaks business language, not accountant-speak, because it is written by a former small business owner. It guides you to use GnuCash from scratch with step-by-step tutorials without jargon, pointing out the gotchas to avoid with lots of tips. It will teach you to work on routine business transactions while migrating transaction data from other applications gradually. You will be able to keep on top of transactions and run reports after reading just three chapters! Beyond Chapter 3, it is up to you how far you want to go. Reconcile with your bank and credit card statements. Charge and pay sales tax. Do invoicing. Track payments due. Set up reminders for bills. Avoid stress at tax time. Print checks. Capture expenses using your mobile phone. Gnucash 2.4 Small Business Accounting Beginner's Guide gives you the power. Know your numbers. Make decisions with confidence. Drive your business to its full potential.
Table of Contents (20 chapters)
Gnucash 2.4 Small Business Accounting
Credits
About the Author
About the Reviewers
www.PacktPub.com
Preface
Index

Time for action – migrating to GnuCash from other software


Let's say that your transaction data is in Quicken Home & Business. You want to migrate this to GnuCash. We will first walk through the steps of performing this migration. Then we will analyze the pros and cons of such a migration:

  1. Prerequisites: You have already exported the data from Quicken. You have a set of QIF files. While exporting, please remember that you can have only one category per file.

  2. Prerequisites: Create a new account hierarchy in GnuCash first. Save it with the name CAMS.

  3. Prerequisites: Make a backup of the CAMS file. If you want to fine tune your migration, you may have to restart from this backup file a couple of times.

  4. Prerequisites: Set the following preferences. In the General tab's Files pane, set Auto-save time interval to 0. This means data is not saved automatically. If there are any problems, this will allow you to exit without saving and start over. In the Online Banking tab, the QIF Import pane, check...