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Gnucash - Suitable For Small Business Accounts?


Crushdepth

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My workplace (government office, about 20 people) is finally trying to make the transition from paper-based accounting to an electronic system. Basically, they want to be able to generate fast and accurate financial reports, which currently they can't do.

We are looking for an electronic financial/accounting package, but unfortunately our accountant is not computer/software literate. It needs to be flexible (we handle cash across a range of countries/taxation schemes) but also relatively easy to use, as the staff will have to be trained from scratch.

I am wondering if GnuCash is a viable option for running a small business accounts in Thailand, and how it would compare to say Quicken or MYOB?

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  • 3 weeks later...

GnuCash has the same problem like MS Money and Quicken: You can edit transactions.

So unless you are doing the accounting by yourself (and assuming that you do not cheat yourself...) you can never be sure if something has been amended by your staff to finetune cash box contents.

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The Thai Revenue Department will only accept Accounts produced by a few specific Accounting Software packages; use an unapproved one and you will be subject to fines and a lot of hassle when they find out.

Your Auditor should have a list of what’s acceptable.

Patrick

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