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 – keeping track of credit sales


You have completed the contract for Acme Inc. successfully. Congratulations! You are now ready to invoice. We will take you through the steps for creating the invoice, posting it, formatting it and printing it ready for mailing.

  1. From the menu, select Business | Customer | New Invoice….

  2. In the Invoice Information pane, leave Invoice ID blank. GnuCash will generate numbers sequentially. Enter a date of over a month ago in the Date Opened field. This will help you to process the payment right away (for the purposes of this tutorial), without having to wait for a month for the invoice to become due.

    Note

    GnuCash automatically generates Invoice IDs starting with 000001. This cannot be changed from the user interface. However, if you have to change this, we will show you a workaround later in this chapter.

  3. In the Billing Information pane, for Customer click Select…. The Find Customer dialog will open.

  4. In the Search Criteria pane change contains to matches...