Difference between revisions of "Using GnuCash"

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Revision as of 20:04, 8 October 2013

1 Introduction
2 Register Tips
- 2.1 Moving Multiple Transactions
- 2.2 Import transactions from another program
3 Reporting Tips
4 Reports Included in GnuCash
5 Stocks
6 GnuCash on Holidays with your friend

Introduction

GnuCash is a complex piece of software with many features and possibilities. It requires some learning and experience to work fluently and effectively with it.

To get you started, it comes with a good Concepts Guide, that will introduce you to some basic accounting concepts and explains how GnuCash works with those principles.

A second helpful source of information is the GnuCash Manual, which is sort of a reference to all the menu options and dialogs in GnuCash. At the time of this writing, it is in need of an update as some new features in GnuCash aren't documented yet.

These two documents cover only a part of what GnuCash can do. This is to be expected as there are as many use cases as there are users of the tool. It would be impossible to contain all of these use cases in a manageable static document.

Instead, this page and the ones linked to below will show ways to deal with specific problems. The examples and solutions are provided by users of GnuCash, most of them use (or have used) these solutions in real world scenarios.

If you know a solution to a particular problem while using GnuCash, you are welcome to add it to these pages as well.

Alternatively you can send it to the GnuCash user mailing list (Note: you need to be subscribed before you can post to this list). Use a subject in the lines of "GnuCash tip" or something similar, so it is easily recognized.

To keep some overview, the examples and solutions are grouped per context in GnuCash.

Register Tips

Moving Multiple Transactions

There is no direct way to move a large number of transactions from one account to another in GnuCash.

If you are trying to move a small subset of an account's transactions, your best approach is to edit each transaction manually. You can speed this up somewhat by changing your register view to Transaction Journal mode, which will show all split lines at once. You may also find that copying the destination account and pasting it into the split line may help.

If you are trying move all (or MOST) of an account's transactions, you can get GnuCash to re-designate all your transactions at once by asking GnuCash to DELETE the account in question. For accounts that have transactions in them, GnuCash will ask whether you want to completely delete the transactions, or move them to a different account. Select the account you want all your transactions to go, and they will be moved. (To delete an account, open the Accounts window, select the account you want to delete, and click the Delete button).

Import transactions from another program

Easy way to import a large amount of transactions from another your program (import from bank isn't covered by this tip)

If you use another program that may produce accounting data, tell your programmer to use QIF format to easy import into GnuCash. QIF format is simple and other programs can easy produce it. GnuCash's QIF importer is also easy to use and comes with self explaining wizard incorporated.

You can find QIF format description on Wikipedia or ask uncle Google.

--Provided by Pietro B.

Reporting Tips

A single report that shows summary amounts for multiple months for multiple accounts

To create a single report that shows summary amounts for multiple months for multiple accounts (for example, monthly totals for expense accounts over the course of a year), you can accomplish this with a little creative thinking. The trick is to use Gnucash's Budgeting features.

First, create a Budget that includes the accounts upon which you ultimately want to base your report and a date range that is useful to you. Save this budget.
Next, create a budget report, and in the options for this report, deselect the "Show Budget Amounts" check box. The resulting report will list monthly transaction totals for each account in the budget.

This solution is not perfect (you must, for example, edit the budget to cover the date range you want, and then open the report), but it does give a spreadsheet-like summary of a subset of accounts by month.

--Provided by David T.

Quicken-like "Overview" of your accounts

Quicken provides an "overview" of your accounts -- a list of today's balances for checking, savings, credit cards, major assets and liabilities.

For something similar in GnuCash, run the Balance Sheet report, then go to Options to pick the accounts that you want to see in the overview. Then just leave that tab open, and every time you start GnuCash you'll have the overview. Click "reload" if you put in transactions and want to see how things have changed.

--Provided by Anthony Dardis

Alternatively just keep the "Accounts" tab open. It shows the current balances of all the accounts too, without having to run a report. However, I don't use the business functions, or scheduled transactions, so that might perhaps make a difference.

--Provided by Mike Leone

Displaying Split Account Details in Transaction Report

For a simple transaction like this:

<date> <ref no> "Cheques Received"
 <income account> "multiple payers"     <credit> £157.60
 <bank account>                         <debit>  £157.60

then on a Transaction Report for the bank account the details appear pretty much as above.

For clarity of the accounts, you might enter transactions with multiple splits referring to the same account. For example, the above transaction might well be entered like this:

<date> <ref no> "Cheques Received"
 <income account>  <first payer name>   <credit> £100.00
 <income account>  <second payer name>  <credit> £ 57.60
 <bank account>                         <debit>  £157.60

When this transaction is printed on the bank account's Transaction Report, then under "other account" it simply prints "split" instead of the account name.

To display the additional split detail, you need to set General -> Style = Multi-Line and then you need to turn on Display -> Account Name. Do NOT turn on Display -> Other Account Name.

You can choose whether or not to turn off the full account name using Display -> Use Full Account Name?

The Use Full Other Account Name? has no effect in this configuration.

--Provided by Derek Atkins (in response to Colin Scott)

Monthly Income/Expense Reports

You can export a GnuCash transaction report to HTML and then open the HTML file in Excel. You then have a ready-made data source from which you can create a pivot table with the transaction data grouped both by account and by period, with very few steps involved.

Two enhancements to the data to try are:
 (1) grouping the dates by month; and 
 (2) parsing multilevel account names into columns labeled "Account1", 
 "Account2", etc. using the ":" delimiter.

This gives you a report that is very close to the monthly/quarterly/yearly income/expense report that MS Money and Quicken provide.

--Provided by Martin Cunningham on gnucash-users

Reporting in single file resp. in landscape format

Currently, this isn't supported. Via HTML export, however, both options are possible, with the help of htmldoc. Sample call for landscape in european A4 format, which also puts alle single html files into one compound pdf:

htmldoc  -t pdf14 --webpage --no-links --linkstyle plain --size 297x210mm --headfootsize 9
--header fff -f report.pdf *.html

Exporting a report to OpenOffice Calc

Sometimes a report needs to be laid out slightly differently than is possible in GnuCash. One way to do this is to export the report to OpenOffice Calc. GnuCash can't export directly into that format, but it can export to html. OpenOffice Calc can import such a html file. Here's what to do:

Create your report in GnuCash
With the report open in front of you, select File -> Export -> Export Report to save the report somewhere in html. Note: there is also a tool bar button that does exactly the same thing.
Open OpenOffice Calc
Select Insert -> Link to external data
In the popup window, use the "..." button to find your exported report and below, choose "html all", then click ok.

This should load report in a Calc sheet. From here you can make tweaks as you like.

Reports Included in GnuCash

This section (in progress; started on GnuCash 2.2.9 and now being updated to GnuCash 2.4.13) includes a small amount of information about the standard reports in GnuCash, including when they might be used and some of the options. Information about each report might include how the report is used, common alternatives, and some of the options that make the report adaptable to different situations.

Assets & Liabilities (Group)

Advanced Portfolio

The Advanced Portfolio report produces reports dependent upon price information collected by the optional stock price retrieval features of GnuCash. (If you have not installed and used the additional stock price retrieval software, the report will indicate an error.)

Asset Barchart

The Asset Barchart report displays bars that present the value of all assets in a Gnucash file on a monthly basis. By default, the report shows all accounts in Current Assets and Special Accounts, and it displays monthly bars for the current financial period. This report provides a graphic view of the assets in the file over time.

Asset Piechart

Average Balance

Balance Sheet

A Balance sheet report lists Asset, Liability, and Equity account balances for all such accounts, and provides totals on a given date. Balance sheets are commonly run for the last day of each fiscal year to give an overall sense of the financial condition of the entity.

General Journal

The General Journal produces a register of all transactions (beginning to end) in order by date, showing the accounts and the amounts moved among them, and totals the Net Change by all currencies and assets. This report is not customizable by date or account, though you can include more or fewer details about the individual transactions, and whether or not to include running balances and totals for the credits and debits. If you need a report restricted to particular accounts, you might want to look at the #Transaction Report or open a particular account and choose the #Account Transaction Report.

General Ledger

Investment Portfolio

Liability Barchart

Liability Piechart

Net Worth Barchart

Price Scatterplot

Budget (Group)

to be done

Business (group)

Customer Report

Customer Summary Report

The "Customer Summary Report" is a customer profit report, it can help with job analysis by comparing the income and expenses for a specific customer. Under the options for the report a tab labeled "Expense Accounts" will allow the selection of one or many expense accounts. Likewise the tab for "Income Accounts" will allow the selection of one or more income accounts. The tab for "Display" will allow sorting by name, profit percentage, or amount of profit. The "No Customer" is a warning that the report may be inaccurate, as the results are not all properly labeled.

Possible use scenarios:

Tracking retail sales from different cities:

Income:Princeton Showroom Sales
Income:Beckley Showroom Sales
Expense:Princeton COGS
Expense:Beckley COGS

Tracking rental properties:

Income:Downtown
Income:Northwestern
Income:Park Ave
Expense:Downtown
Expense:Northwestern
Expense:Park Ave

Tracking types of business:

Income:Labor
Income:Materials
Expense:Labor
Expense:Cost of Goods Sold

Tracking commission sales:

Income:Robert Sales
Income:Micah Sales
Expense:Robert COGS
Expense:Micah COGS

So to get the most out of the report use the Income & Expense tabs to hone down the information displayed on the report. By default it includes all income and expense accounts, GnuCash can't really predict the names and classification of income and expense accounts. To be useful out of the box, any thing that happened income or expense wise shows up as "No Customer": Rent, Paychecks, Utilities, Bank Charges.. everything. Luckily it is easy to remove this information, if it is distracting. It can also shed a light on how much information is being ignored, if the settings are overly selective the report might look good, but only be showing 10% of the picture.

Why does the information look out of place by default:

All invoices have an "Owner" in GnuCash speak, so any invoices made will show a customer and make it to the report. When creating a "Bill" the "Default Chargeback Customer" is blank, and often gets underused. To use the profit report this needs to be utilized, this is the tag that decides which line to attach the expense. Without a customer the bill will belong to "No Customer", when entering income in a random register instead of creating an invoice, it will also belong to "No Customer", but that doesn't happen very often.

Inventory based businesses won't benefit as much because of the nature of the report. Currently there isn't a way to avoid this. Creating invoices for items out of inventory usually shows as 100% profit, hardly reality. The best way to handle this is to use a different income account and exclude it from the report, if that won't over-complicate the entry of invoices. Once you get on a good start the invoice line item auto-fill will help remember the accounts for inventory items.

--Provided by Robert L Brush III via gnucash-users

Easy Invoice

Employee Report

Fancy Invoice

Payable Aging

Printable Invoice

Receivable Aging

This report provides a listing of all customers, their current balance, and how much they have outstanding from invoices over different time periods -- how much they owe from 0-30 days, from 31-60 days, from 61-90 days, and over 90 days. The report also contains links to each customer and to their current customer report.

--quoting Buddha Buck via GnuCash-Users

Vendor Report

Income & Expense (group)

Budget Report

Cash Flow

The Cash Flow Report shows the change in value for a set of accounts (the flow of cash) over a given period of time. Be default, this report uses the data file's assets accounts as the base set of accounts. {Special Accounts are also selected by default? This is not known} It uses the current financial period as the default time period. The report enumerates all money coming in to and going out of the base accounts, in different sections. The amounts for each account are provided, along with totals.

Equity Statement

The Equity Statement can be seen as extension of the Balance Sheet report.

The Balance Sheets states the balance of Assets, Liabilities and Equity for a specific point of time.

The Equity Statement puts focus on the Equity Accounts by showing the cashflow to and from them for a given period of time (as set in the report options).

By Balancing this cashflow with the income, the report states the available "Capital" at the beginning and at the end of this time period.

Expense Barchart

The Expense Barchart (also known as Expense over Time) report shows a set of vertical bars, with the vertical axis indicating the amount, and the horizontal axis indicating time periods (such as quarters, months, or weeks). The report aggregates the amounts in the selected amounts. Report options enable you to adjust the horizontal and vertical sizes, step size (time periods), number of bars, and whether or not to include the detailed amounts in a table below the graph.

To create a chart for income accounts, see #Income Barchart.

Expense Piechart

The Expense Piechart report totals transactions for income accounts over a specified financial period, and presents the totals as graphical "wedges" of the aggregate total "pie." You might use such a report to get a "big-picture" overview of some of the largest expenses in your accounts. By default, the chart displays a maximum of 7 wedges, which limits the display the largest six wedges and combining all the remaining items into a seventh wedge marked "other."

To generate a pie chart display of your income accounts, use the #Income Piechart report.

Expenses vs. Day of Week

Income Barchart

The Income Barchart (also known as Income over Time) report shows a set of vertical bars, with the vertical axis indicating the amount, and the horizontal axis indicating time periods (such as quarters, months, or weeks). The report aggregates the amounts in the selected amounts. Report options enable you to adjust the horizontal and vertical sizes, step size (time periods), number of bars, and whether or not to include the detailed amounts in a table below the graph.

To create a chart for expense accounts, see #Expense Barchart.

Income & Expense Chart

Income Piechart

The Income Piechart report totals transactions for income accounts over a specified financial period, and presents the totals as graphical "wedges" of the aggregate total "pie." You might use such a report to get a "big-picture" overview of some of the largest income sources in your accounts. By default, the chart displays a maximum of 7 wedges, which limits the display the largest six wedges and combining all the remaining items into a seventh wedge marked "other."

To generate a pie chart display of your expense accounts, use the #Expense Piechart report.

Income Statement

An Income Statement report is also called a "Profit and Loss" report or "Revenue Statement."

In earlier versions of Gnucash, this report was called "Profit & Loss," but with GnuCash version 2, the report was re-named "Income Statement" to use more common accounting terminology.

This report lists Income and Expense account totals for a set period. By default it shows all Expense and Income accounts (down to 3 levels of sub-accounts) for the current financial period.

The Income Statement helps show where your money is coming from, and where it is going for a given time period.

Income vs. Day of Week

The Income vs. Day of Week report presents a pie chart showing the totals for selected income accounts totaled by the day of the week of the transaction. The report options enable you to make some adjustments (such as accounts, display options, and the date range) but the account selector only allows income accounts to be chosen. The report aggregates income transactions by day of week, not by any other period or category. Due to these limitations, the report may be considered a demonstration or an example to someone wanting to examine the source code for composing a useful custom report.

Trial Balance

Sample & Custom (group)

Custom Multicolumn Report

This selection let's you combine several standard and custom reports into one view.

Initially this report comes up with an empty window. The selection is done through the report Options, giving you the list of available reports from which you can select.

Saving the the Multicolumn View is done similar to saving custom reports, see Using_GnuCash#Custom_Reports.

Sample Report with Examples

Welcome Sample Report

Account Summary

Lists accounts and subaccounts, with a total of account balances as of a particular date. By default, shows accounts and totals down to third-level subaccounts.

Report Usage:

This report provides an overview of all (or selected) accounts. The totals on this report (if shown) include all transactions to the beginning of each account, so the amounts may only be useful for asset and liability accounts that you reconcile, or expense accounts after you have "closed the books" to a particular financial period. (Closing the books is NOT a requirement in GnuCash.)

This report gives effectively the same information as the accounts page (that shows the accounts tree). You can use this report to export and print the accounts page information and make it accessible and readible for some outside GnuCash, as it is not possible to directly print from the accounts page.

Suggested Alternatives:

To generate a report of account totals over a particular period (especially if you do not close your books at regular intervals), you might consider using the #Income Statement, #Cash Flow, or #Budget Report.

Report Options:
- Accounts tab: Choose accounts to display; levels of subaccounts; Depth limit behavior (how to handle any accounts lower than the set level of subaccounts -- choosing between Recursive Balance, Raise Accounts, or Omit Accounts).
- Commodities tab: Currency; Price Source (Average Cost, Weighted Average, Most Recent or Nearest in Time); Show Foreign Currencies; Show Exchange Rates
- Display tab: Include accounts with zero total balances; Omit zero balance figures, Parent account balances (Account Balance, Subtotal, and Do not show); Parent account subtotals (Show subtotals, Do not show, or Text book style [experimental]); Display accounts as hyperlinks; Show accounting-style rules; Account balance; Account Code; Account Description; Account Type; Account Notes.
- General tab: Report name; Stylesheet (Default, Easy, and Technicolor); Report Title; Company Name; Date.

Custom Reports

Selecting this menu option will open a dialog window with a list of available Custom Reports.

In this context Custom Reports mean sets of customized settings for standard reports.

These sets need to be saved by the user before they show up in this list. This is how you do it:

Go to the Reports Menu and choose the required report type
This will open the report with standard settings
Go to the report Options and change the settings
Do this repeatedly until this report type shows the info according to your needs
Go to the report options, select the General section and change the Report Name to a significant term that let you remember the goal for the change settings
This will activate the File->Add Report entry.
Do not mix this up with the Report Title, it only works for Report Name
Go to the File menu and select Add Report
This will store the just customized report options in a file in your home directory
Linux Ubuntu: ~/.gnucash/saved-reports-<versioninfo>

Now your customized report is available for use by the Reports->Custom Reports entry and it will also be listed when starting Reports->Sample&Custom->Custom Multicolumn Report.

Managing the customized reports is kept simple. The options to delete a custom report is given in the dialog window showing up when selecting Reports->Custom Reports.

If you want to edit your custom reports, then

open the report via Reports->Custom Reports
keep the tab open, and select Reports->Custom Reports again
in the upcoming dialog window select the report
press Delete and confirm
press Cancel to get back to the opened report tab

and then go again through the procedure as listed on top of this section.

Future Scheduled Transactions Summary

to be done

Tax Report & TXF Export

Generates a report and a downloadable .txf file of taxable income and deductible expenses for a particular accounting period. To download the report data, choose the Export button on the toolbar and choose between html and .txf downloadable versions.

To use this report, you must use Edit --> Tax Options to identify which form the taxing authority uses for each income or expense account. (You can see but not modify the "Tax related" checkbox in Edit --> Edit Account.)

Transaction Report

This report lists the transactions in all accounts during a specified financial period. By default the report includes all accounts, subtotals the transactions by month and includes the totals for each account for the currently defined fiscal year.

Account Report

The Account Report is not meant to be run on a selected account. It can only be run from a ledger window in GnuCash . A ledger window is the tab-window that can be created e.g. by opening an account (double-click on an account in the accounts page) or by running a find (Edit->Find) which will list the find result in a ledger window.

The Account Report only appears on the Report menu when a ledger window is the current top window in GnuCash. You will not find it when looking at e.g. a report or the accounts page.

The Account Report produces a list of all transactions in the open ledger window.

You can use this report to export and print the transactions listed in a ledger window to make it readible and accessible for someone outside GnuCash.

Account Transaction Report

The Account Transaction Report has the same pre-requisites as the Account Report, but the Account Transaction Report only lists transaction that have been selected (e.g. by mouse click) in the current ledger window.

If now transaction is selected, an empty report will be generated. (This is valid for 2.4.x. For 2.5.3 no report will be generated if no transaction is selected.)

You can use this report to export and print transaction data of a single transaction and make it accessible and readible for someone outside GnuCash.

If you need to see transactions in other accounts or for different dates, you could use the #Transaction Report or Find ( Edit --> Find ) to create an ad-hoc report.

Stocks

GnuCash on Holidays with your friend

Yes you can use GnuCash while on holidays with your friend.

Here's what you need:

- a computer + gnucash
- a freshly created gnucash file
- two people on holiday wanting to share costs.

Setup:

1. Account schema:
- Group Account "Cash", with one account named Me, and one named MyFriend
- Group Account "Expenses", with accounts like Lunch, Dinner, AfterEight, Hostels, TravelCosts etc.
- Group Account "Equity", with one account named Me, and one named MyFriend

2. Initial deposit:

Before taking off, both you and your friend empty your wallets, and count the money inside. No need to create a third wallet. Gnucash will take care of that. Now say your friend has 15.50 in her wallet. The booking in GnuCash is : Cash:YourFriend +15.50 Equity:YourFriend -15.50 See how easy that is?

3. After the holidays are over:

Again count the money inside both of your wallets, then create the exact opposite booking for the remainder in cash. So let us say you paid for everything and your friend paid nothing, then the booking after the holidays would be: Cash:YourFriend -15.50 Equity:YourFriend +15.50

So now you see that Equity is really what you put into the holidays. In your friend's case: -15.50 + 15.50 = 0 IMPORTANT: the Equity:Me and Equity:MyFriend show how much you put into the holiday each. Calculation to make 50-50: subtract the lower amount from the higher amount, then divide this subtracted amount by two. The result is what the owner of the lower amount should pay the owner of the higher amount. Example: You spent 150 dollars, your friend spend nada. Now 150-0=150 . 150 : 2 = 75. So your friend needs to pay you 75 dollars.

4. While on holidays, adding cash money:

From whatever funding you add to your wallet (Cash:Me) it is a deposit so you can book the same as with (2. Initial deposit)

5. While on holidays, spending money:

Now here is the interesting part. What was the money spent on? Here we have two options

5a. While on holidays, your friend spends money from her cash to buy two beers, one for you, one for her (beer costs 2.20 each): This is where Expenses:XXX is debited and the Cash:YYY or Equity:ZZZ is credited. Then it is Cash:YourFriend -4.40 Expenses:AfterEight +4.40 If she paid with creditcard, then it is still Expenses:AfterEight +4.40

 but now it is not Cash:YourFriend but it is Equity:YourFriend.

5b. While on holidays, you spend money from your own cash on private affairs. This is where Equity:Me is debited and Cash:Me is credited (less cash) If you used your own creditcard, then it is : Equity:Me debit and Equity:Me credit -- which makes no sense so don't book it because this was about your joint holidays not about your private administration.

Ok enjoy ! Best regards, Ron

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