Say No to the Display Welcome Dialog Again? question. You should see the Welcome to GnuCash window with Create a new set of accounts checked. Click Finish to complete the installation. Next, the Completing the GnuCash Setup Wizard window will appear. When the installation is completed successfully, you should see a window with the title Information. This may take several minutes, giving you time for a coffee break. The next screen is simply a recap of all the selections made by you so far. The next screen will show that a desktop icon and a start menu link will be created. The next screen will show that a GnuCash folder will be created for the menu items. The next screen will show that a Full Installation will be done. On Windows 7, the default location will be C:\Program Files (x86)\gnucash. If you organize your accounts in a convenient tree, you can find transactions when needed as well as create reports on different kinds of expenses and so on. In a similar manner, your business might have many thousands of transactions in a year. With the help of a table of contents, you can find what you are looking for easily in a large book. A book is generally organized into chapters, sections, and subsections. Why does a small business need an account tree? Think of the account tree as the table of contents of a book. We are going to use a built-in template provided by GnuCash to set up an account tree. So, our first task is to get started with creating the accounts. Some other accounting applications call this a "Category". For example, you can have an account named "Office Supplies" to record all transactions related to buying stationery. " Account" is a term used by GnuCash for grouping a set of similar transactions. In other words, you need to set up accounts to enter the transactions into. But before you can record the transactions of a business, you need proper places to record them. In plain English, bookkeeping is nothing but keeping a meticulous record of all the financial transactions of a business. The core function of accounting software is to allow you to keep track of your business transactions in an orderly manner. This should give you a taste of what is to come before you dive deep into the chapters in this book. Migrate transaction data from other accounting applicationsĪvoid redundant data entry by integrating with other applicationsĬreate your own reports and charts using popular spreadsheet softwareĪccount for foreign currency transactions Use your mobile phone to capture expenses while on the go Print 3-on-a-page and voucher checks, with memos as wellĬharge state, county, and local sales tax and print statements to attach to payments Get reminders for vendor bills when due as well as process employee expense vouchers Map GnuCash accounts to your income tax schedules to make tax times less stressfulĬreate invoices for credit sales and keep track of unpaid invoices Use your bank and credit card statements to double check your entries through smart reconciliationĪutomate repetitive work by setting up scheduled transactionsĬreate a Trip Planner to reach your business goals using GnuCash budgets Use canned reports and charts or customize and save them for reuse Maintain your accounts using an interface that has the familiar look and feel of a check register Drive your business to its full potential. Gnucash 2.4 Small Business Accounting Beginner's Guide gives you the power. Capture expenses using your mobile phone. Reconcile with your bank and credit card statements. You will be able to keep on top of transactions and run reports after reading just three chapters!īeyond Chapter 3, it is up to you how far you want to go. It will teach you to work on routine business transactions while migrating transaction data from other applications gradually. 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. 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. 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. As quick and intuitive to use as a checkbook register, it is based on professional accounting principles to ensure balanced books and accurate reports. Designed to be easy to use, yet powerful and flexible, GnuCash allows you to track bank accounts, income, and expenses. Start by downloading GnuCash and getting your accounts in order. Stop wasting money on software that is overkill. Stop reinventing the wheel with a spreadsheet. Stop procrastinating with a shoebox full of receipts. Attention, small business owners! Stop tax-day stress.
0 Comments
Leave a Reply. |