- Importance of basics financial literacy that we do not feel short-change without getting burned.
- Intro to personal financial software and other peers in similar accounting apps.
- My primary use case and the reconciliation workflow when accounting differences arise align my accounting statements to GnuCash.
- GnuCash emphasized Double-Entry accounting, which is the fundamental concept that underlies the basic accounting principles: Assets, Liabilities, and Equity.
- GnuCash could have been improved better in the GUI department for the more modernistic look-and-feel.
Financial Literacy
I was educated to encourage the prudent use of money from getting me into financial troubles. While we should be careful about our spending, we should not compromise our lifestyle without complete frugal.
A few colleagues of mine share similar habits of book-keeping spent too. However, a number of my friends who practice book-keeping are of rarity. Many of them would ignore them altogether. One likelihood, perhaps it is quite tedious to track expenditure even monthly or longer rate. One of my friends decided to use Excel to track his costs only for an unusual or large expense item to keep their expenses on track to meet their…
