PacktLib: Gnucash 2.4 Small Business Accounting: Beginner's Guide

Gnucash 2.4 Small Business Accounting

Credits

About the Author

About the Reviewers

www.PacktPub.com

Preface

Getting Started with GnuCash

Installing GnuCash on Windows

Time for action – installing GnuCash on Windows

But first, a tip to make your life easier with auto-save

Taking the drudgery out of setting up accounts

Time for action – creating the default business accounts

Getting your business accounts done just right

Time for action – fine tuning business accounts

How to impress your accountant

Strengths and limitations of GnuCash

Summary

Transactions – the Lifeblood of a Business

A quick and easy way to enter simple transactions

Time for action – entering simple transactions quickly and easily

Entering a simple transaction in the account register

Time for action – entering a simple transaction in the account register

Entering a more complex transaction in the account register

Time for action – entering a split transaction in the account register

Anybody can change their mind

Time for action – editing, cancelling, and deleting transactions

A feeling of déjà vu

Time for action – reusing transactions

Summary

Fun and Eye-opening Part - Reports and Charts

Viewing standard reports and charts

Time for action – viewing standard reports and charts

Creating a custom report and saving it

Time for action – creating a custom report and saving it

Working with stylesheets

Time for action – working with stylesheets

Exporting reports

Time for action – exporting reports

Summary

How not to Get Lost in the Transactions Jungle

How not to get lost while hiking in the wilderness

Manual reconciliation

Time for action – reconciling with a printed monthly statement

Electronic reconciliation

Time for action – reconciling with a downloaded electronic statement

Credit card reconciliation

Vital point to remember when importing an OFX file

Recovering from wrong selection of account

Time for action – changing the account to import into

Summary

Repetitive Work? Let GnuCash do it

Let GnuCash worry about recurring transactions

Time for action – creating a recurring transaction from the register

A stitch in time saves nine

Time for action – triggering scheduled transactions

Tool to create many recurring transactions

Time for action – creating scheduled transactions in bulk

Summary

Business Mantra: Buy Now, Pay Later

Credit is the lubricant for the wheels of business

Billing terms and customers

Time for action – setting up billing terms and adding customers

Invoices and Accounts Receivable

Time for action – keeping track of credit sales

Setting the starting invoice number

Time for action – setting the starting invoice number

Processing payment

Time for action – when the check is on hand

Bills and accounts payable

Time for action – keeping track of credit purchases

Summary

Budget: Trip Planner for your Business

Budget

Time for action – creating a budget for your business

Employees and payroll

Time for action – making payroll entries in GnuCash

Depreciation

Time for action – making depreciation entries for assets

Owner's drawing

Time for action – entering owner's draw in your books

Summary

Making Tax Times Less Stressful

GnuCash currently supports only US business types for income tax

Setting up income tax related accounts

Time for action – mapping GnuCash accounts to tax schedules

Creating income tax schedule report and TXF export

Time for action – getting the numbers for tax returns

Setting up sales tax tables

Time for action – setting up sales tax tables

Applying sales tax to invoices

Time for action – charging sales tax on sales

Summary

Printing Checks and Finding Transactions

Finding transactions

Time for action – searching for a transaction

Printing checks

Time for action – printing checks

Numbered accounts

Time for action – assigning numbers to accounts

Financial calculator

Time for action – calculating mortgage payments

Summary

Adapting GnuCash for Non-profits and Personalizing

No separate non-profit version of GnuCash

Bookkeeping for non-profits

Time for action – using GnuCash features for non-profits

Keeping funds for projects separately

Time for action – allocating funds for projects

Getting overall Income Statement

Time for action – getting overall Income Statement

Personalizing GnuCash

Time for action – getting your work environment just right

Protecting your data

Time for action – backing up your data

Summary

Data Import/Export: Use your Phone to enter Expenses

Saving expense data in your smartphone and uploading to your PC

Time for action – using a smartphone to save expense data

Sending data through an expense tracking service

Time for action – using an expense tracking service to get data into GnuCash

Migrating to GnuCash from other accounting software

Time for action – migrating to GnuCash from other software

Exporting data from GnuCash

Time for action – exporting data from GnuCash for migration and other purposes

Summary

Application Integration and Other Advanced Topics

These tutorials assume a certain level of proficiency

Using OpenOffice.org Base to query data

Time for action – using popular office software to query GnuCash data

Using MS Excel to create reports and charts

Time for action – connecting from Excel to create reports and charts

Application integration

Time for action – exporting contact information from GnuCash

Foreign currency transactions

Time for action – invoicing and receiving payment in Canadian dollars

Other handy tips and tricks

Time for action – grouping invoices for each contract separately

Summary

Pop Quiz Answers

Pop Quiz Answers

Index