Khristine,
Not exactly sure but you seem to be confusing the function ofg Opening
Balances with the contributions of each partner to the Equity in the
business. Opening Balances is used to record the existing balances in
any real accounts i.e. bank accounts held in your bank at the date you
start
Adrien Monteleone writes:
> There is a ‘jobs’ feature in GnuCash, but it is very limited at the
> moment. Each vendor can have only one job. So if you buy ‘parts’ or
> multiple items on the same invoice from a single vendor and then in
> some fashion, direct, recombined, or further process or
On Wed, 22 Aug 2018, Khristine Ann Ramella wrote:
Each member contributed 720 to start the business. The first person 720
was put in checking immediately. I put it under Opening Balances and sent
it to checking. So far so good. The second 720 came in a month later. When
I go to make the deposit
On 08/21/2018 07:31 PM, Khristine Ann Ramella wrote:
> OK, so trying to use gnu for business. Have a two person llc. I set up the
> equity accounts like shown based on all the research on gnuhelp and general
> accounting I could find.
>
> Each member contributed 720 to start the business. The
On 08/21/2018 07:31 PM, Khristine Ann Ramella wrote:
> OK, so trying to use gnu for business. Have a two person llc. I set up the
> equity accounts like shown based on all the research on gnuhelp and general
> accounting I could find.
>
> Each member contributed 720 to start the business. The
Welcome to GnuCash!
Capital Equity investments should be like so:
Dr. Assets:Checking
Cr. Equity:Paid-in-capital:Partner A/B
Or using some similar accounts. You want to record the receipt of an asset, and
you want to balance that against a specific partner’s equity.
Opening balances are for
OK, so trying to use gnu for business. Have a two person llc. I set up the
equity accounts like shown based on all the research on gnuhelp and general
accounting I could find.
Each member contributed 720 to start the business. The first person 720 was put
in checking immediately. I put it