There are not many accounting changes between BizWrench/BizRatchet, and Goldenseal accounting software. This page explains the few minor ones that exist.
To view bank transactions in Goldenseal, use the Bank menu at the top of the screen. In BizWrench, click the Banking tab on the left.
Goldenseal has seven types of bank accounts (Cash, Checking, Credit Card, Escrow, Investment, Loan, and Savings).
BizWrench merges five of them into plain old Bank accounts (Escrows and Investments are still separate). There's a popup field in Bank accounts so you can still use the 5 types, but they are no longer separate classes.
When you convert your Goldenseal file to the new format, it automatically converts all bank accounts and bank transactions to the new format.
The outline directory on the left still splits accounts into the five types if there are enough of them. If only a few, it groups them together as just Bank accounts. HINT: We plan to add a Preferences option later so you can choose which way bank accounts are displayed.
Goldenseal only shows transactions for one banking account at a time, within each of the seven types. It may warn you if you create a transaction when those from a different account are in view. BizWrench stores data differently, so you can open transactions for as many different accounts as you want. It also remembers found items and the last-viewed record independently for each account.
BizWrench indexes extra data for each bank transaction. That makes the Reconcile command very fast, no matter how many records you have. We also calculate the running total on the fly. Goldenseal had to rebuild the running totals if you changed a previous transaction, and it went haywire if you sorted bank transactions.
Goldenseal groups bank accounts into assets (Cash, Checking, Investments, Savings) and liabilities (Credit Cards and Loans). BizWrench/BizRatchet can still do that, but it can also treat any bank account with a positive balance as an asset, and any account with a negative balance as a liability. That better reflects the more fluid nature of modern bank accounts.