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

Summary


We learned a lot in this chapter about the core task in bookkeeping, namely, entering transactions and further tweaking them.

Specifically, we covered:

  • Simple transactions: If they are simple transactions, we can enter them in the Transfer Funds window or in the account register.

  • More complex transactions: If they are more complex transactions, known as split transactions, we have to use the account register.

  • Edit, cancel, and delete: Knowing how to edit, cancel, and delete transactions allows us to overcome our fear of making mistakes.

  • Duplicating transactions: We learned a powerful technique of duplicating transactions, which will help us to save a lot of work in bookkeeping.

  • Shortcuts: We learned a number of shortcuts to speed up entering transactions.

  • Navigation: We saw how to open the account registers, close them as well as jump from one account register to the corresponding one which has the other part of the transaction.

  • Views: We covered the different ways we can view the account...