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Gnucash 2.4 Small Business Accounting: Beginner's Guide

You're reading from   Gnucash 2.4 Small Business Accounting: Beginner's Guide Manage your accounts with this desktop financial manager application

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Product type Paperback
Published in Feb 2011
Publisher Packt
ISBN-13 9781849513869
Length 324 pages
Edition 1st Edition
Tools
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Toc

Table of Contents (20) Chapters Close

Gnucash 2.4 Small Business Accounting
Credits
About the Author
About the Reviewers
www.PacktPub.com
Preface
1. Getting Started with GnuCash 2. Transactions – the Lifeblood of a Business FREE CHAPTER 3. Fun and Eye-opening Part - Reports and Charts 4. How not to Get Lost in the Transactions Jungle 5. Repetitive Work? Let GnuCash do it 6. Business Mantra: Buy Now, Pay Later 7. Budget: Trip Planner for your Business 8. Making Tax Times Less Stressful 9. Printing Checks and Finding Transactions 10. Adapting GnuCash for Non-profits and Personalizing 11. Data Import/Export: Use your Phone to enter Expenses 12. Application Integration and Other Advanced Topics Pop Quiz Answers Index

Manual reconciliation


Did you ever wish that someone would double-check your entries? If you did, your wish has been granted. There is someone keeping track of all your transactions. I can see that you are taken aback, "What? Someone is watching me over my shoulder?" No, this is not George Orwell's 1984 and Big Brother is not watching you. Relax. It is just your bank and your credit card company who are watching your transactions, as they should, and sending out detailed statements every month, again, as they should.

The double entry bookkeeping system of GnuCash does make sure that if you enter one part of a transaction, you enter the other matching part too. For example, if you enter a cash withdrawal of $300 from your bank and your bank balance is now less by $300 and you forget to enter an increase of cash balance of $300 in hand, the double entry system will make sure that you enter that too. However, if you forget to enter the entire transaction, the double entry system cannot help...

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