Quote of the Day!
“Our greatest glory is not in never falling, but in rising every time we fall.” — Confucius
GnuCash – How to do Payroll
The GnuCash application doesn’t have a built-in payroll processing module. However, this is the same scenario as you might encounter when dealing with other commercial accounting /bookkeeping software such as Sage 50 or Quickbooks. In the case of most of the commercial accounting software packages, you might have to pay extra to get the payroll …
How to Use Bitbucket and Sourcetree – Branches
In the previous post, we showed how to synchronize the local repository with the remote repository located at Bitbucket cloud. For that we used a single branch called “master” locally and a branch called “origin/master” remotely. This branch can be shared with other users so that they can also clone the repository and do their …
How to use Bitbucket and Sourcetree
Bitbucket is a version control system. A version control system (VCS) is where programmers can store their code at various stages of development, so that they can restore previous versions easily when there is a requirement. Bitbucket is based on Git, which is one of the most popular VCS. Git was created by Linus Torvalds, …
Using GnuCash – Vendors, Purchases and Bills
Small businesses often might need to purchase things or services from vendors such as online stores, regular retailers or other small businesses. Whenever a purchase happens, it needs to be recorded in the books. So, let us see how to do this using GnuCash. Let us add a vendor and then the purchase bill. Adding …
Using GnuCash – Customers and Sales Invoices
Any business needs customers for its continued existence. Major part of the business income is generated from sales to customers. Usually when selling something, an invoice is created in order to document the details of the sale. In this post, let us look at how to add information about customers and sales invoices as well …
Using GnuCash – Transactions and Opening Balances
Cloud vs Desktop version for accounting software ? Nowadays many of the accounting / bookkeeping software are available in both desktop and public cloud versions. In fact, many of them do not provide an option for desktop version. It is a matter of convenience and personal preference as to which version is considered better before …
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Using GnuCash – Chart of Accounts
The accounting equation says that the difference between total assets of a business and its total liabilities equals its net worth (equity). Assets – Liabilities = Equity This can further be expanded when we consider the income and expense. The equity (net worth) increases when receiving an income and decreases when money is spent for …
Using GnuCash for Small Business Bookkeeping and Accounting – Installation
(I used to have a small business and previously was relying on third party accountants for bookkeeping and accounting. Though I was okay to send most of the financial documents and receipts to the bookkeeper, I was looking for a software that can be used for personal bookkeeping and accounting as well as preparing the …
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Happy New Year !
Happy New Year 2021 !