Its been a long while since I last posted here. That’s partly due to the fact that the GnuCash Android releases which have been made since the last post have largely been announced on Google+, and they were mainly bug fixes etc.
When GnuCash Android was first released about a year ago, it came with support for exporting transactions in the OFX (Open Financial eXchange) format. However, there was still a lot of pain when importing into GnuCash desktop. Transactions were not automatically assigned to the corresponding GnuCash accounts, double-entry transactions were not supported, amongst other things.
Since then GnuCash Android has added support for importing the account structure from GnuCash desktop and also supporting different GnuCash account types, as opposed to only OFX account types. But OFX never really made it easy to import transactions.
As from today, support for QIF (Quicken Interchange Format) export has been added and will be the default export format going forward. There were some for whom OFX worked fine, and the option for OFX export is still there. So if you already have a process that works for you, you can stick to it.
But for everyone else, QIF is the new black.
There is also another important change included in this release, and that is the nomenclature and interpretation of CREDIT/DEBIT transactions. GnuCash Android did not originally support different account types, and CREDIT/DEBIT always meant increase/decrease of the account balance respectively. This has not always been very accurate with respect to the accounting principles used in GnuCash Android.
From version 1.2.6, CREDITs decrease the balance of Asset and Expense accounts, while DEBITs correspondingly increase the balance. This would make sense to long time GnuCash Android users, but may be totally unintuitive for those unused to the principle.
The combination of QIF and correct CREDIT/DEBIT accounting should make for a very seamless process of exporting transactions and importing them into GnuCash for desktop.
I hope you enjoy this release, and as always, I am looking forward to your feedback.