Thanks, That was the answer I was looking for.... However I now have a more serious problem; in the process of trying to move all the GnuCash files and application to their own directory, I have lost all the work I have done the last 3 days.... the application has lost links to all the accounts and data.... How do I retrieve that?
> On 6 Sep 2017, at 15.02, Mike or Penny Novack > <stepbystepf...@dialup4less.com> wrote: > >> On 9/6/2017 6:00 AM, Nigel Snow wrote: >> Hi, >> I am new to GnuCash. >> I have finished setting up my chart of accounts manually, but now I need to >> populate Opening Balances. >> I understand that option was only available in the wizard..... >> The question is how to set up Opening Balances Manually? >> > Exactly, you enter the transaction manually (just like you will be entering > other transactions). In other words, this is simply the first transaction of > the accounting period. > > BUT -- because doing a two way split transaction is tricky, I suggest you use > TWO transactions, one for the credit side of equity and one for the debit > side. > > You want a BALANCE SHEET from your old method of accounting that would be > valid for the first day of your new set of books under gnucash. Look at the > total assets amount. Create a transaction to credit equity for that amount > and hit split. Change the split amount to the first asset account amount and > specify the account. Repeat till there is nothing left in Imbalance. Then > that side of the split is done. OK, now do the same for the total amount of > liabilities except this time you are doing a debit to equity. > > Michael D Novack > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
