GnuCash: Your Personal Accountant #2

We'v successfully install and do initial setup our GnuCash. Now, we will learn some basic usage of GnuCash for personal finance management.
In this example, I have one income source: salary. And have some expenses: phone billing, transportation, dinning.

Managing Income source:
My employer transfers my salary IDR 3000.000 via Bank Danamon (payroll system). From main windows, Select Assets, Saving account, then right click on your bank account (Bank Danamon in my case) select Open account

Right click on Bank Danamon, then select open account

Insert 3000.000 in Deposit column, then select Income:Salary in Transfer column. Click  Enter on menu bar to commit this transaction.

My salary registered in Income account, and my saving account added.

Managing electronic fund transfer:
I pay my pre-paid kartu HALO GSM billing IDR 200.000. I pay it via ATM.Click Expenses Account, then scroll down to see Phone, right click then select Open Acount:

Insert 200000 in Expense column, then select Assets:Saving accounts:Bank Danamon in Tranfer column. Remember that I pay this billing via my Bank Danamon's ATM. Click Enter on menu bar to commit this transaction.

I withdraw 500.000 for transportation, dining, etc., its meaning that I transfer from my Saving Account into my wallet(cash):

Managing cash transaction:
Note that you don't need to record each of your cash transaction (example pay taxi, buy meal, etc), you only need to resume these expenses.

I resume my transportation billing from 1 Sept to 5 Sept

I resume my dinning from 1-5 Sept

I hope you found this short article useful, GnuCash comes with easy to follow tutorial and accounting concept.GnuCash also has capabilities to manage business accounting (pay employee, invoicing, tax, etc).

Good luck!