Introduction to GnuCash - Free Accounting Software

[@vincentstemen6309]

Good video, except you made one significant mistake from my understanding (I am just learning gnucash). Starting at about 14:14 in the video, you started checking all accounts you thought you would use in the placeholder column. Notice that the top level categories are already checked. That's because place holders are to turn the account into just a category. You cannot add transactions to those accounts if they are tagged as place holders. The main thing I think you want do at this screen is rename accounts if you choose or set opening balances.

[@parl-88]

Thanks for this video. Please do a complete series of GnuCash.

[@An.Individual]

and learn it before you do the video

[@kashmunir2500]

Hi, Many thanks. How to import bank/Credit statements to GnuCash and reconcile imported transactions?

[@solallein]

New setup begins at 8:40 Your welcome...

[@kashmunir2500]

Where to record stock in the chart of accounts for online buying and selling business?

[@MrCarloC1969]

In my Gnucash version (dowloaded by Ubuntu Software) I don't have the account choice "Business Accounts". I would like to use it in my small business, but I can't. It doesn't seems to be any management of vendors, invoices, bills, deadlines. Could anyone help me, please? Sorry for my English

[@Ghada-vz5kc]

I have assignment for accounting information system, may you help me I want to know how you will use Gnucash to help the company’s accounting tasks (journal entries, bills, financial statements…etc.)?

[@mr.matt.eastwood]

Hey. What tool are you using to zoom in and out on windows while you record? Great video, thanks!

[@SwitchedtoLinux]

I did the zooming in post production with Kdenlive

[@mr.matt.eastwood]

@@SwitchedtoLinux Thanks!

[@LOGoltem4682]

Very interesting. Would like to see more about this program. :D

[@maymennen-evraets2317]

This is just GREAT!! Thanks! I have so much to learn!

[@jamesbaxter1107]

I have a 12 year old laptop and I have Linux Mint on it, as i am new to this. I am looking to down load Gnucash. I down load it, but there is a problem, it wont open. what did I do wrong, Thanks

[@raiderman28]

excellent video. i am trying to add a checking account to this with a balance that is currently in the account. then make invoices for my customers. i tried doing it, but i must be doing something wrong. when i create a invoice say for $240. if i post it, it goes into my check book as a debt. if i process the payment, it shows a credit. but it basically subtracts the $240 and then adds $240. which means it really zeros out. i dont know what it am doing wrong. do i just post bills that i pay to vendors and maybe not post customer invoices?? this program is a bit confussing

[@SwitchedtoLinux]

Check if you are using accounts payable and accounts receivable. In business accounting, bills and invoices bounce through those before landing in where they should.

[@raiderman28]

I am using the business one. I figured out to input monthly charges like rent , utilities, expenses etc. I just don’t know what will happen once i create an invoice for a customer ,post, & pay it. Will it show up in my register??? Right now my account is balanced but it shows up like this but in red ($1100) Which i think means i am in the negative that amount, which i am not.

[@jamesbaxter2812]

Chris, I think Ifound a problem, As I am using Linux Mint and Gnucash. I have to items saved, I have my programs and one folder call James, Both have the same items. So what I am thinking of is deleting the James, One as they are both the same. the one thing, is that I might delete the wrong items. I have a back up program Freefilesy? as I am using that. also, I am using Gnucash to get the stock/tickers from the web. That is not working for me because of the folders. Need your ideas before I do anything. Thanks

[@kashmunir2500]

How to connect a online bank with GnuCash?

[@ariosetiawan173]

I hope "how to use gnucash for personal finance management" tutorial soon

[@SwitchedtoLinux]

It is not designed to use for personal finance management, so I will not be doing a tutorial on that. KMyMoney is better for personal stuff.

[@ariosetiawan173]

@@SwitchedtoLinux Ok i'll try that, thanks :)

[@saifsyedmohammad3769]

How to create an entry if my sales is in GBP bank account and my company is based in USA

[@SwitchedtoLinux]

There are some online functions that might handle those. I usually allow the conversion to occur and make a note of the foreign currency in the invoice notes.

[@hephestosthalays2700]

I like your taste in authors on you bookshelf ;)

[@kajekage9410]

I need software rp ieep track of my rentals and tell me when taxes are due. Can this help?

[@georgevanderwesthuizen6682]

How do I record a loan of 40000.00 as a liability (loan to startup a business) and then how do I record the monthly repayments. Please - I cannot find this anywhere

[@SwitchedtoLinux]

See if this helps. lists.gnucash.org/docs/C/gnucash-guide/chapter_loans.html

[@yerocastrocontabilidad]

1/1/23 Cash(asset)40000 Loan(liability) 40000 2/1/23 Loan Expense 200 interest expense 5 cash 205 is an example i did't calc the tax rate of a loan

[@benjaminhope1524]

I'm thinking of using gnucash but I'm concerned about the lack of a facility for inventories. I find it quite bizarre in fact. How, for instance, do items in your inventory show up in your assets?

[@WholeFoodPlantPeople]

yeah, kind of unusable without an inventory function, unless your business doesn't use inventory. But, I guess it's better than nothing

[@yerocastrocontabilidad]

​@@WholeFoodPlantPeople you cant track inventory in calc or excel and set up a periodic inventory in gnucash, i have some videos but in Spanish

[@SenatorSpider]

This is a very awesome video. I am starting my real estate business And I was looking into accounting software. Do you have any thoughts on using cloud software like Akaubting for accounting. What are your thoughts on that? Privacy concerns to consider?

[@SwitchedtoLinux]

I will NEVER use any cloud software that I do not fully control. too many issues and risks.

[@saifsyedmohammad3769]

is GNU cash good for multi - currency accounts ?

[@SwitchedtoLinux]

I don't know. I only use USD

[@bjarnisg]

This seems a great program to keep a track of the finance in a small buisness/project. You mention early in the video that only down side to this program is that there is no product inventory. Is there any program that would be good to have as well, alongside this one, that would basically have the only mission to keep track of the product inventory? Perhaps if also an invoice would also be possible to print out from that "product inventory" program to send to the customer, then the invoice would be registered into the GnuCash program? Anyway. Thanks for a good video.

[@serge5046]

@bs Any database can do it: PostgreSQL, MariaDB, SQLite, and so on... Otherwise there are more powerful tools like Odoo. Perhaps you could have a look at a simple tool like Kwok: sourceforge.net/projects/kwok/ Cheers

[@yerocastrocontabilidad]

QuickBooks , but you cant keep and inventory record in some data in excel and set up a periodic Inventory is easy. just (cost of goods sold)inicial inventory, purchases,ending inventory)

[@Gojo79087]

Hi. On my set up the column headings say "credit" and "debit". How do I change to "deposit" and withdrawal"?

[@yerocastrocontabilidad]

deposit and withdrawal meaning otherwise.debit and credit is about the account's normal balance

[@3jsairconandtechservices42]

Hi sir can you please help us, our problem is whenever i add an income (not only income but also all other sales like acount) transaction , it will automatically duplicate this particular transaction but the amount is now tranferred to "Charge" resulting to zero balance.

[@indigowyrm]

Thanks I've now setup gnucash Can you create new categories for expenses? If they're not listed

[@SwitchedtoLinux]

Yes. You can create them under the New accounts section

[@indigowyrm]

@@SwitchedtoLinux thanks!

[@yerocastrocontabilidad]

yes, if you setup a periodic inventory system, must add manually Cost of goods sold(expenses) an add sub account such as Purchases, Inicial Inventory, Final Inventory, purchases return and allow.i have some videos in my channel but in Spanish

[@arthurdiamondhands474]

Excellent video. Super informative. I like your style

[@HoangLong-nt4lk]

Can you explain what equity accounts mean ? For personal, i guess that it's balances of my wallet or money in my bank at the time i'm starting to use gnucash. And, every year, when my account period end, i'll need to write assets to equity of my new account ? Right ? Thank you.

[@yerocastrocontabilidad]

equity is a Capital account, and maintain the Account in balance ,fallow the accounting principles,

[@FarahHalim]

Which other accounting software would you suggest for personal financing that includes investment calculations as well?

[@sam510938764]

KMyMoney does online update of your investments also.

[@TheMrfrodough]

Can this work for something smaller than a business such as a family budget?

[@SwitchedtoLinux]

Yes, and there is a template for it, but there are other Linux applications that might be better. I use spreadsheets personally and I have a video and demo sheets for that.

[@TheMrfrodough]

@@SwitchedtoLinux good to know. Do you happen to know of any Linux applications that work well on Android for it as well? I'll Def take a peek at your spreadsheet video as well

[@TheMrfrodough]

@Hogedu AAA that's awesome to hear.

[@josh-foss]

It sure can. I use it to manage my personal accounts and as a transaction register. The auto fill function makes entries a breeze, it's very efficient once you get it all set up.

[@knpstrr]

obviously

[@ironspider9026]

Useful video thanks for sharing, plz do a video on how to do Trial Balance and Journal Voucher etc. Thanks

[@GrantSR]

If you don't tell us what the options mean, then you are really telling us nothing more than what we could have gotten just by clicking around in the software ourselves. At 9:01, for instance, what the heck does "Use split action fields" even mean? If you are just going to wave your hands at important things like this during setup, why should we bother to watch any more of your videos. I don't care that YOU know how to set it up for YOU. I care that you show ME everything I might need to be able to set it up for ME.

[@yerocastrocontabilidad]

split is used for more than 2 entries. exp.simple double entry electric expense 100 cash 100 other hand. Electric expense 100 meal expense 200 cash 300 (the last transaction needs a split)

[@langa1533]

Hmmm 🤔

[@maxx9384]

Very buggy program. I had to delete it after one hour of trying.

[@ЭлинаБерестова]

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[@principalSTC]

too much of YOU not enough of GnuCash, this is NOT a tutorial.. Thanks anyway.

[@An.Individual]

I don't think he actually knows how to use GnuCash

[@Anthony_in_Bloomington_Indiana]

Uuuuhhhh, 10 seconds into this video, and he already made the most obvious mistake! Gnu is pronounced NEW, the g is silent. I see that computer boys don't watch nature documentaries. Have you even heard of Sir David Attenborough?

[@SwitchedtoLinux]

www.gnu.org/gnu/pronunciation.en.html

[@Anthony_in_Bloomington_Indiana]

Did you have a point? Apparently not, since you were too lazy to explain what you mean. You just posted a link. The computer field already has way too many abbreviations, which just reinforces the point that most computer boys are too lazy and lack the creativity to use proper English. On top of that, you don't get to change the pronunciation of a word, just for the sake of being even nerdier than usual. And Linux guys are among the nerdiest of nerds. I checked your link, and it's wrong. Gnu is pronounced like new. This is how to properly pronounce gnu. This is a link with with an actual description. Do you see how this works now? kzbin.info/www/bejne/pXqbf3SCfMSLfc0

[@longBowHunterII]

@@Anthony_in_Bloomington_Indiana make a video

[@joelkarin4639]

@@Anthony_in_Bloomington_Indiana, you are correct that English speakers typically pronounce the animal name gnu with a silent g (although the original African word apparently begins with a click sound). But ​GNU the software project or operating system is typically pronounced with a hard g. Has been for presumably over 30 years. I fear that even if you get @Switched to Linux to bend to your arguments, you'll have somewhere between tens of thousands and millions of others to go after that. :-) The person (Richard Stallman) who made that pronunciation decision was not lazy or lacking in creativity, but he was indeed "nerdier than usual". For some the pronunciation is annoying, for others it is wryly eccentric. But as Stallman says in the "How GNU Was Named" audio clip @Switched to Linux linked to above, at least it doesn't sound like you're saying "New Cash" or "New Software Project" or "New Operating System", which could be confusing.

[@pedrogonzalez5590]

The gnu is an animal, and it is pronounced NEW. However, GNU (the acronym) is a project, and it is pronounced differently

[@FrederickAlan-q9g]

1102 O'Hara Coves

[@philipjonker3602]

Thank you for all the informative videos on how to use this fantastic software. It has been incredibly helpful at managing the finances of my small business! For some reason my values all display with a '+' sign in front of it, yet it does not display like that on your desktop. Any idea how to change that? @switchedtolinux

[@SwitchedtoLinux]

What values? Where?

[@philipjonker3602]

​@@SwitchedtoLinux It displays +$0.00 instead of $0.00 (As seen in you video above). It is simply a notation setting used throughout my Gnucash account. Even when I create reports it displays values with a '+' sign if front of the $0.00 amount, which I do not want there.

[@eltonchesterton7028]

526 Hauck Mountains

[@ReneePhildor]

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[@marvinesvancese4464]

077 Eino Cliffs