Entering Simple Income And Expense Transactions
GnuCash uses double‑entry accounting, which simply means every transaction touches at-least two accounts. In this tutorial we’re starting with the simplest form of this lesson it serves as the doorway into entering transactions into the register.
This lesson focuses on how to enter “Simple Income and Expense Transactions” that affects only two accounts— in the Chart Of Accounts, one account the money comes from and one account the money goes to. Split transactions are more detailed and are for specific situations which we will go over in more detail in a later tutorial.