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Switching from Other Accounting Programs |
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Switching from other Accounting Programs Website Links RELATED TOPICS Switching from Quickbooks/Quicken/MYOBIf you have been using Quickbooks, Quicken, MYOB or some other general accounting program, here are the differences you can expect:In Quickbooks, you create many 'artificial' accounts to track expenses and handle unusual transaction details. Goldenseal handles those items automatically, so you only need to create 'real world' accounts for the people and entities with whom you do business. In Quickbooks, most transactions are classic double entry records, with a debit and credit. Goldenseal uses a single-entry system that handles debits and credits internally. It automatically posts each transaction to every account and transaction that is affected by the transaction. Quickbooks uses accounts and subaccounts to identify costs. Goldenseal uses Jobs and Cost Categories for the same purpose. You can group categories into Category Systems. You can also set up a system of Cost Locations to identify costs. They're called Recurring Transactions in Goldenseal. You can also use Templates for items that you use at irregular intervals. Quickbooks starts a new record when you open a transaction window. Goldenseal shows you the record that was used most recently. If you really like the Quickbooks style, choose Preferences from the Options menu, choose Interface from the submenu, and turn on the Open to Empty Record checkbox.
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