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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

Product type Book
Published in Feb 2011
Publisher Packt
ISBN-13 9781849513869
Pages 324 pages
Edition 1st Edition
Languages
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 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

Time for action – changing the account to import into


Let us say that the first time you imported your bank statement you selected Savings Account by mistake instead of Checking Account. We are going to walk you through the steps to recover from the selection of this wrong account. Though this is a risky process, this is the only way of starting over:

  1. Make a backup of your accounts file.

  2. Create a new account and call it Temp Savings Account.

  3. Select the account that you are erroneously directing your OFX data to, namely Savings Account. Right click and select Delete Account….

  4. GnuCash will pop the Delete Account confirmation dialog, as shown in the following screenshot, and will give you the option of moving all transactions into another account. Check Move to and select Temp Savings Account from the drop-down list:

  5. Next click Delete. Verify that Savings Account has been deleted and all transactions that were earlier in that account have been transferred to Temp Savings Account.

  6. Rename Temp Savings...

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