Re: Suggested (and Requested) Feature
On 2/12/2015 10:26 AM, Neal Lithwick wrote: Hi I would love to migrate over to this program but I have one problem (so far). I need to have the ability to set a Starting Balance for the balance sheet items as I am not starting anew but migrating over from Money Smith. Since every transaction needs to be reconciled, I would have to go back 7 years and enter each transaction to get this to work (Money Smith does not have a file format compatible with GnuCash migration requirements). Any chance you might consider adding this feature to this program? Neal The only time you would need to do THAT is if Money Smith no longer worked. Normal in a situation like this, especially where close to the start of the year, is to continue to use Money Smith for years 2014 and before (in case you need to refer to that data, for example, doing your 2014 taxes) but using gnucash for 2015 and forward. You would do this by In Money Smith produce a Balance Sheet report for 12/31/14 (end of 2014). I am assuming that Money Smith has at least that capability. Print that out unless you have multiple terminal capability or the next step will drive you crazy. You will probably also want a PL Report so you see the various income and Expense Accounts you had under Money Smith. Now use THIS data to create your chart of accounts under gnucash. Don't for the moment bother about opening balances (let them all be zero). It will make you open the books transaction cleaner and you will have a chance to see that you have the chart of accounts the way you want it before actually entering data. Make a copy of this file! (in case you have an accident with the opening transaction(s). Read the documentation on splits. I recommend that that you use TWO opening transactions because a two way split is tricky and you are new to gnucash. If you have no liabilities (unlikely, but of course possible) you'd only have one transaction anyway. Now look at that Balance Sheet. Let's say you will do assets first. You can date the opening transaction 12/31/14 and then it won't show up on your 2015 reports but that is up to you. The easiest way to do the split is to start in equity where you credit the amount total assets and then hit split. Chance the debit amount to the amount of the first asset account and specify the account. On to the next and repeat until all are done. There should be nothing left as Imbalance. Now do the same for your liabilities, again starting in equity as a debit, split, and now all the liability accounts. At this point I'd run a Balance Sheet in gnucash. Compare with the one from Money Smith. You are now at the beginning of 2015. Now you enter all your transactions from Jan 1st 2015 to present (a month and a half of data, not seven years). When done, run Balance Sheets from both programs (for that end date), Money Smith's PL for Jan 1, 2015 to that end date and gnucash's Income Statement for the same time interval. Everything should match up. If it does, you have a choice. You can consider it done and just use gnucash, or you can have a test period for a while using both until you are confident with gnucash. Michael D Novack PS: You CAN of course specify opening balances as you create the accounts. But that just makes a whole bunch of opening transactions instead of the two or one. And I don't know what date would get assigned. . ___ gnucash-devel mailing list gnucash-devel@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-devel
Suggested (and Requested) Feature
Hi First let me say I just downloaded this program and really think it is well done. I have been using an older program called Money Smith which works great for me but it is old and as the newer O/S's come into play, it becomes a little less functional, soon to be obsolete, I'm afraid. Also, I run both Windows and Linux O/S's on two different systems and I use my Android tablet. This program will run on all (well at least interfaces with the Android version). Super!! I would love to migrate over to this program but I have one problem (so far). I need to have the ability to set a Starting Balance for the balance sheet items as I am not starting anew but migrating over from Money Smith. Since every transaction needs to be reconciled, I would have to go back 7 years and enter each transaction to get this to work (Money Smith does not have a file format compatible with GnuCash migration requirements). Any chance you might consider adding this feature to this program? Neal nlithw...@hotmail.com ___ gnucash-devel mailing list gnucash-devel@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-devel
Re: Suggested (and Requested) Feature
On Thursday 12 February 2015 07:26:07 Neal Lithwick wrote: Hi First let me say I just downloaded this program and really think it is well done. I have been using an older program called Money Smith which works great for me but it is old and as the newer O/S's come into play, it becomes a little less functional, soon to be obsolete, I'm afraid. Also, I run both Windows and Linux O/S's on two different systems and I use my Android tablet. This program will run on all (well at least interfaces with the Android version). Super!! I'm happy you like it so far :) I would love to migrate over to this program but I have one problem (so far). I need to have the ability to set a Starting Balance for the balance sheet items as I am not starting anew but migrating over from Money Smith. Since every transaction needs to be reconciled, I would have to go back 7 years and enter each transaction to get this to work (Money Smith does not have a file format compatible with GnuCash migration requirements). You can define opening balances in gnucash easily. In gnucash this is very easy. For each account the opening balance is a transaction between the account and the Equity:Opening Balances account. So if you want to start the gnucash book from say Jan 1, 2015 you enter all the balances of all your accounts on Jan 1 2015 in the Equity:Opening Balances account. Will this help you ? Geert ___ gnucash-devel mailing list gnucash-devel@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-devel
Re: Suggested (and Requested) Feature
On Thu, Feb 12, 2015 at 9:26 AM, Neal Lithwick nlithw...@hotmail.com wrote: I have one problem (so far). I need to have the ability to set a Starting Balance for the balance sheet items as I am not starting anew but migrating over from Money Smith. Since every transaction needs to be reconciled, I would have to go back 7 years and enter each transaction to get this to work I may be misunderstanding your question but I think you would benefit greatly from reading the GnuCash documentation. Here's a link to one particular place, but you should at least skim the previous chapters: http://www.gnucash.org/docs/v2.4/C/gnucash-guide/cbook-accounts1.html The short answer is you do NOT have to enter every transaction back seven years (unless you want to). To begin your reconciliation you need only go back to a particular point (such as a recent bank statement) and enter data and reconcile from there. You are really asking a user question -- if you aren't already, you should probably subscribe to the gnucash-user list, and get clarification there. (Oh and if you respond to this message, please be sure to copy the list. I'm not a developer.) ___ gnucash-devel mailing list gnucash-devel@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-devel
