GnuCash is a great FOSS tool for keeping business books, but it can complicated to setup. This is the start of a series of videos about how to get your business up and running with GnuCash. This video covers: Overview of Software Basic Account Creation https://www.gnucash.org/ #GnuCash #Linux #Business Related Videos: Linux Mint 19:———– Support Switched to Linux! 👕 Merch: https://shop.switchedtolinux.com 🛒 Amazon: http://tlm.li/amazon 💰 Support: https://switchedtolinux.com/support 🛒 Affiliates: https://switchedtolinux.com/affiliates 👥 Multichannel Support: https://thinklifemedia.com 💰 Patreon: /TomM ———– Social Media: 🐦 Twitter: @switchedtolinux 🐸 Gab: @switchedtolinux 💡 Minds: @switchedtolinux MeWe: /p/switchedtolinux Reddit: /u/switchedtolinux Mastodon: https://fosstodon.org/@switchedtolinux ———– We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
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32 thoughts on “Introduction to GnuCash – Free Accounting Software”
Useful video thanks for sharing, plz do a video on how to do Trial Balance and Journal Voucher etc. Thanks
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?
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?
@Anthony Starfield make a video
@Anthony Starfield, 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.
This is just GREAT!! Thanks! I have so much to learn!
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?
yeah, kind of unusable without an inventory function, unless your business doesn’t use inventory. But, I guess it’s better than nothing
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 ?
I hope “how to use gnucash for personal finance management” tutorial soon
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.
@Switched to Linux Ok i’ll try that, thanks 🙂
Potentially I think you could use QODBC to read a quickbooks file and import data. It’s free for read only. We currently use that to post from ms access into qb. However I think it’s for windows only. Just learned about gnucash today and found your video. Don’t think I am ready to switch yet but definitely want to keep an eye on this for the future.
New setup begins at 8:40 Your welcome…
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
Which other accounting software would you suggest for personal financing that includes investment calculations as well?
KMyMoney does online update of your investments also.
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.
is GNU cash good for multi – currency accounts ?
I don’t know. I only use USD
How to create an entry if my sales is in GBP bank account and my company is based in USA
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.
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.)?
Excellent video. Super informative. I like your style
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
What values? Where?
@Switched to Linux 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.
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
See if this helps.
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
I like your taste in authors on you bookshelf 😉