Strengths and limitations of GnuCash
By now, you know that GnuCash can do business accounting, however, you would like to know how far it can go. For example, you would like to know what type of accounting GnuCash is most suitable for and what kind of accounting it cannot handle.
Business as well as personal accounting
You can use GnuCash for your personal as well as business accounting in the following different ways:
- Work on only your business accounts.
- Work on only your personal accounts.
- Combine your personal accounts and business accounts into one single account. For example, if you have a simple rental type of business, you can keep your rental income and expenses in separate accounts within your personal accounts.
- Maintain your personal accounts ...