Re: [GNC] Recommend Accounting Books
On Sun, Apr 21, 2024 at 12:11 AM Jonathan Drews wrote: > I am opening a fabric store in early May and want to use GnuCash to > keep track of my sewing fabric sales and inventory. It's pretty > modest. About 280 individual items. Are there any examples of > *.gnucash files I can use as a template? > Hi, and welcome. I'm not sure that GnuCash does inventory, but it should work well for you otherwise. _ Richard Losey rlo...@gmail.com Micah 6:8 ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Recommend Accounting Books
Johnathon Do a Google search for textbooks on Financial Accounting. You will likely get the accounting offerings from the major textbook publishers relevant to your location. If you can access the book lists/handbooks of the business schools in local universities for introductory coursesyou will likely pick up a text book that is suited for your jurisdiction, although introductory books tend not to address specific jurisdictional requirements - that is usually addressed in later subjects. There is also free inventory management software available although much of it will be free for one app which is part of an integrated suite and to get anything useful you will need the full suite. How well it interfaces with GnuCash is unknown. Look for CSV /OFXexport of the accounting information. David Cousens On Sat, 2024-04-20 at 23:10 -0600, Jonathan Drews wrote: > Hi Folks: > > I am complete novice to double entry accounting. I have GnuCash > successfully installed: > > $ gnucash --version > GnuCash 5.5 > Build ID: 5.5+(2023-12-16) > > on: > > OpenBSD 7.5 GENERIC.MP#82 amd64 > > Can anyone recommend some good books or tutorials on double entry > acoounting? I searched the arcchives but did not find any posts on > recommended books. I have ordered this book: > > Accounting QuickStart Guide : The Simplified Beginner's Guide by Josh > Small. > > I am opening a fabric store in early May and want to use GnuCash to > keep track of my sewing fabric sales and inventory. It's pretty > modest. About 280 individual items. Are there any examples of > *.gnucash files I can use as a template? > > > -- > Kind regards, > Jonathan > > ___ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > - > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Recommend Accounting Books
On 4/21/2024 7:48 AM, flywire wrote: A significant limitation for small business is GnuCash will not do cash accounting *and* automated sales tax. Worse than that. I do not believe Gnucash can do "automated sale tax" at all -- not in the sense that a POS system can. Gnucash can do "automated sales tax" when this is simple (special case). For example, you are selling "widgets" -- where exactly would gnucash be storing the information widgets of type A are taxable and widgets of type B not when being sent to a delivery address in jurisdiction X vs jurisdiction Y. As soon as you say "you can mark the line in the invoice" I say that is "manual", not "automated". And even if you did want to call that "automated" because it calculated the tax for you, how about if not just "non-taxed" vs "taxable" but "non-taxed" vs "taxable at rate X", "taxable at rate Y", etc. Michael D Novack ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Recommend Accounting Books
Please be aware that the inventory part won't be handled via GnuCash: while you can record your purchases and sales easily (e.g. buy $1000 worth of raw materials, sell $2000 worth of products), it's difficult to account for the raw materials inventory levels and products waiting to be sold, calculating profit margin etc. Other (expensive) products would likely be more suitable for your needs. Not exactly. Gnucash can do the "general ledger" part of inventory processing. But it cannot do the other parts of it because this is JUST "general ledger": So yes, when you make a sale, besides :sales and cash, can also make the changes to inventory (cost of) and "cost of goods sold". BUT -- an inventory system does more than that. It would track how much left of (physical) inventory and where shelved. It would do something when the amount remaining fell below some level, provide information about suppliers and alternate suppliers, etc. Gnucash can;t do things like that for you because those parts are outside of "general ledger" A full business system has all sorts of components, of which "general ledger" just one component << the one that all would have in common >> There are commercial products out there to do "business system: for your sort of business and there may or may not be "free" products. Michael D Novack ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Recommend Accounting Books
Once you’re into a unified tool that handles finance, inventory, etc., that’s called ERP (Enterprise Resource Planning) software. IIRC there are one or two open source suites floating around. For a small operation though, personally I’d just use GNC for the books and Excel or other spreadsheet tool for the inventory. Some good resources/comments in this Hacker News thread for the basic accounting principles: https://news.ycombinator.com/item?id=39988993 (not necessarily the article itself but there are good nuggets in the comments). James > On Apr 20, 2024, at 11:17 PM, Christopher Lam > wrote: > > Welcome to Gnucash userlist. > > GnuCash will happily handle most of your bookkeeping needs. > > IMHO Learning double-entry is an important business skill that you can > acquire via the GnuCash Tutorial & Concepts guide, or > https://www.dwmbeancounter.com/bookkeeping-course.html is another that I've > used. > > Please be aware that the inventory part won't be handled via GnuCash: while > you can record your purchases and sales easily (e.g. buy $1000 worth of raw > materials, sell $2000 worth of products), it's difficult to account for the > raw materials inventory levels and products waiting to be sold, calculating > profit margin etc. Other (expensive) products would likely be more suitable > for your needs. > > HTH > >> On Sun, 21 Apr 2024 at 13:11, Jonathan Drews wrote: >> >> Hi Folks: >> >> I am complete novice to double entry accounting. I have GnuCash >> successfully installed: >> >> $ gnucash --version >> GnuCash 5.5 >> Build ID: 5.5+(2023-12-16) >> >> on: >> >> OpenBSD 7.5 GENERIC.MP#82 amd64 >> >> Can anyone recommend some good books or tutorials on double entry >> acoounting? I searched the arcchives but did not find any posts on >> recommended books. I have ordered this book: >> >> Accounting QuickStart Guide : The Simplified Beginner's Guide by Josh >> Small. >> >> I am opening a fabric store in early May and want to use GnuCash to >> keep track of my sewing fabric sales and inventory. It's pretty >> modest. About 280 individual items. Are there any examples of >> *.gnucash files I can use as a template? >> >> >> -- >> Kind regards, >> Jonathan >> >> ___ >> gnucash-user mailing list >> gnucash-user@gnucash.org >> To update your subscription preferences or to unsubscribe: >> https://lists.gnucash.org/mailman/listinfo/gnucash-user >> - >> Please remember to CC this list on all your replies. >> You can do this by using Reply-To-List or Reply-All. >> > ___ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > - > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Recommend Accounting Books
Welcome to Gnucash userlist. GnuCash will happily handle most of your bookkeeping needs. IMHO Learning double-entry is an important business skill that you can acquire via the GnuCash Tutorial & Concepts guide, or https://www.dwmbeancounter.com/bookkeeping-course.html is another that I've used. Please be aware that the inventory part won't be handled via GnuCash: while you can record your purchases and sales easily (e.g. buy $1000 worth of raw materials, sell $2000 worth of products), it's difficult to account for the raw materials inventory levels and products waiting to be sold, calculating profit margin etc. Other (expensive) products would likely be more suitable for your needs. HTH On Sun, 21 Apr 2024 at 13:11, Jonathan Drews wrote: > Hi Folks: > > I am complete novice to double entry accounting. I have GnuCash > successfully installed: > > $ gnucash --version > GnuCash 5.5 > Build ID: 5.5+(2023-12-16) > > on: > > OpenBSD 7.5 GENERIC.MP#82 amd64 > > Can anyone recommend some good books or tutorials on double entry > acoounting? I searched the arcchives but did not find any posts on > recommended books. I have ordered this book: > > Accounting QuickStart Guide : The Simplified Beginner's Guide by Josh > Small. > > I am opening a fabric store in early May and want to use GnuCash to > keep track of my sewing fabric sales and inventory. It's pretty > modest. About 280 individual items. Are there any examples of > *.gnucash files I can use as a template? > > > -- > Kind regards, > Jonathan > > ___ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > - > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
Re: [GNC] Recommend Accounting Books
On 2024-04-20 22:10, Jonathan Drews wrote: > I am complete novice to double entry accounting. I have GnuCash > successfully installed: > > $ gnucash --version > GnuCash 5.5 > Build ID: 5.5+(2023-12-16) > on: OpenBSD 7.5 GENERIC.MP#82 amd64 > Can anyone recommend some good books or tutorials on double entry > acoounting? I searched the arcchives but did not find any posts on > recommended books. Welcome to GnuCash, Jonathan! I think you want the Tutorial and Concepts Guide, on the Web at https://www.gnucash.org/viewdoc.phtml?rev=5=C=guide or in downloadable PDF at https://code.gnucash.org/docs/C/gnucash-guide.pdf The accounting part is section 2.1 (or page 11 in the PDF), and the whole Guide takes you through an extended example. Depending on your learning style, you can just read through the Guide, or follow along and actually create the accounts and transactions as you go. > I am opening a fabric store in early May and want to use GnuCash to> keep track of my sewing fabric sales and inventory. It's pretty > modest. About 280 individual items. Are there any examples of > *.gnucash files I can use as a template? GnuCash itself gives you the option of adopting a "starter" set of accounts, which you can then customize to your specific situation. See "New Account Hierarchy Setup" in the Guide. Best wishes for good fortune in your business! Stan Brown Tehachapi, CA, USA https://BrownMath.com/ ___ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user - Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
