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Gnucash import transactions11/19/2022 ![]() ![]() ![]() Remember its reference in The Da Vinci Code? Anyway, a quick intro to the golden ratio is here in this NYT Opinion pages article. Photograph of the book from a museum in Milan Luca Pacioli´s book De Divina Proportione illustrated by Leonardo da Vinci. Pacioli wrote a then popular book De divine proportione which was illustrated by Da Vinci. Pacioli also briefly taught Leonardo da Vinci, and they both seem to have collaborated a bit on the mathematics of the apparently “divine” golden ratio. This, of course is the basic accounting equation, attributed to Leonardo da Vinci’s mathematician friend (and a Catholic priest too), Luca Pacioli. All transactions have this “double-entry”, which thus ensures that all expenditures can be verified and hence your equity is balanced by the play between your assets (all your bank accounts and cash in your wallet for example) and your liabilities (your expenses including the money owed to you by your friend). One place is of course under the expenditure head “Entertainment” and another is from “where” the money came say from a head reading “Cash in wallet”, or an online payment debited to a given bank account. It basically means that every time you record an expenditure, say under entertainment, it gets reflected in two places. At least, for simple functions of accounting for small business and individuals, using the often-mystified (by these accountants) double-entry system, Gnucash performs amazingly well.Īnyway, a double-entry accounting system is a way of ensuring that there cannot be mismanagement of money. And they seem to be doing quite well, until recently reporting doubling of revenues even! But, I cannot understand why anybody (or a firm) would pay MONEY for a simple accounting software. Only today, I learnt that it sells to some 100 countries. Many of the small firms I know use Tally, an Indian enterprise resource planning software. I have of course been personally grappling with these terms and over the last few weeks, months and years have been slowly building up my own system of managing my finances. They have this thing about tallying the accounts and the talk about cash flow and the so-called balance sheet which somehow is sacrosanct. They seem to have their own lingo and jargon that at the same time amazes you and makes you feel left out as if it is something you, a “normal” guy who just wants to know how much cash is coming and how much is going and how much is left, basically. I have always found accountants and in general these “cash guys” quite like doctors. #GNUCASH IMPORT TRANSACTIONS FOR FREE#Gnucash is available for free download for Windows, Mac and Linux ![]()
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