On 4/4/2024 12:44 AM, tburmas wrote:
Hello,
Apologies if this is the wrong list to send this to. I wanted to
express my appreciation for this program. I'm coming from Quickbooks
which has served me well but I'm tired of the costs increasing, every
few years losing support and being tied to Intuit. I love how GNUcash
has been in development for many years, is lightweight and powerful.
To those who have worked on it, thank you.
One suggestion I have as a small business owner: add a COGS (cost
of goods sold) and an advertising account as part of the new file
wizard for chart of accounts.
It's the right list.
As a new user, you might be unaware that YOU can add any accounts you
need. The "wizard" to produce a skeleton CoA that includes accounts that
would meet the needs of many users is just that, a skeleton/sample CoA.
It's a matter of adding the additional accounts you need AND deleting
the ones irrelevant to your needs. If the developers expanded to
"wizard" to create a fuller CoA that would include all accounts that
almost anybody might need, that second step of deleting would become
onerous.
Since switching to gnucash after the 2006 fire* I have set up many sets
of books. In all cases deleting all but a few of the "skeleton"
accounts, keeping just the few that were needed, and then adding lots of
other accounts that were needed.
It is outside the scope for us to decide what the CoA of any particular
user should look like. For example, I lack the "qualifications" to give
accounting advice. If you do need help setting up a CoA appropriate to
YOUR business, that has to come from an accountant.
Michael D Novack
* Insurance would have replaced the organizational copies of "QuickBooks
Pro for Non-profits". But why, since that did NOT in fact support much
of what a non-profit wants out of the box.
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