On Sat, 11 Mar 2023, Jamie Tolbert via gnucash-user wrote:
how do I edit it to put my opening balance in ?!?!?!
Jamie, You understand double-entry accounting, so an opening balance in an asset account is a debit, while a withdrawal is a credit. The off-setting account for that asset opening balance can be a liability or an equity account. First thing for you to do: using pencil and paper or a text editor, create a Chart of Accounts for your rental business. I've attached my business book CoA as revised by me an my accountant 6 years ago. It ain't copyrighted so you're welcome to use the same thing Of course, if you keep the bank names the same you're welcome to add money to them. :-) You'll see that the first Equity account is Opening Balances. That should help you grok how to get started. Regards, Rich
CoA.2017-02-01.pdf
Description: Adobe PDF document
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