Check your Preferences >> Accounts >> Reverse Balanced Accounts setting - I have mine set to "Credit Accounts" which reverses the balance in my Equity:Opening Balances account.
Cheers Dave H. On 25 March 2018 at 06:09, Lori Norden <lnor...@mchsi.com> wrote: > I am starting Gnucash in the beginning of the year. As I’m entering the > beginning balance for each income and expense account, a transfer is being > made to my Equity Opening Balance account. > > For income beginning balance entries – credits income; debits Equity > Opening Balance > For expense beginning balance entries – debits expense, credits Equity > Opening Balance > > The problem is my Equity is reduced by the amount of net income I made as > of the beginning date, but should be increased. > > Should I be offsetting the beginning balances for income and expense to > something other than Equity Opening Balance? That’s what I thought the > instructions indicated I should do. > > Thanks for your help > > Sent from Mail for Windows 10 > > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > 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 To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.