![]() I think the key here is keeping the businesses and personal finances separate and recording everything that you do in detail. This video covers: Overview of Software Basic Account Creation GnuCash. Manage your accounts with this desktop financial management application. The New Account dialog will appear, follow the steps, in the sequence below to setup your new stock account. ![]() First, create the stock account AMZN by selecting the Stock account and click on the menu Actions + New Account. I record the transaction as “Reimbursed My Name for XXX” and categorize accordingly for whatever type of thing I paid for.īack in my personal account I put both the expense and reimbursement income into the same account so I can see they net out to 0 and I can be sure that I’ve reimbursed myself fully for everything. This is the start of a series of videos about how to get your business up and running with GnuCash. As an example, let’s assume that you currently own 100 shares of Amazon stock. Its designed to be easy to use, yet powerful and. In my business books I then send myself (via PayPal or check or whatever) money for reimbursement of said expense. GnuCash is a personal and small business finance application. In my personal account I have created a “Reimbursed expenses from XXX” account where I out the expense to from the charge. Its compatible with both Windows and iOS computers. This means I have a GNUCash file for my personal finances and a completely separate one for each business. GnuCash is a free small-business accounting software product that can be downloaded and installed directly onto your computer. LNK in the same directory as your primary data file. If you look in the folder where your saved file resides, you may see other files generated by GnuCash with the following extensions. I treat the businesses as completely separate entities from my personal finances even when they aren’t legal entities of their own. A Beginners Walk Through GnuCash GnuCash and Quicken Quicken seems not set up for doubleentry accounting. GnuCash creates several types of files to help ensure that your data is not lost. I am not an accounting professional (CPA), but the way I handle this kind of thing for my small businesses is this:
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