My own accounting

Posted on November 5, 2011 by accountinator 7 Comments

Here is how I set up my own books in GnuCash. It took less than 7 minutes.

In case you’re wondering how profitable I am, so far, I’ve lost $133.

7 thoughts on “My own accounting”

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personal tax accountant toronto on April 28, 2013 at 12:45 am said:

I’m not sure exactly why but this website is loading very slow for me. Is anyone else having this problem or is it a issue on my end? I’ll check back
later on and see if the problem still exists.
- Mark P. Holtzman on April 28, 2013 at 1:18 am said:
  
  I’ve also been having trouble. What are you trying to access – maybe I can e-mail it to you. – Mark
Ahmed on September 11, 2013 at 2:21 pm said:

why you set up Capital account in Equity
- Mark P. Holtzman on September 16, 2013 at 11:44 am said:
  
  Capital is part of equity.
Ahmed on September 12, 2013 at 2:59 am said:

And I see in other video you transfer the income from sale to capital and exp from expenses to capital>> If u transfer the income from sale to cash in asset or transfer exp from expenses to cash ..is that will be wrong??
- Mark P. Holtzman on September 16, 2013 at 11:44 am said:
  
  The sale should increase capital and expenses should decrease capital. GnuCash will do this for you.
  
  The sale also increases cash and the expense should decrease cash.

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