On 3/7/19 9:56 AM, Teresa wrote: > I have 25 years experience in Accounting, however never set up a chart > of accounts. > > I just started working for my daughter, who has done everything in excel. > > I have put all the gl accounts in GnuCash, but they all went in as > parent accounts, I new term to me. > > My question is, shouldn't these be child accounts? Also, do I set up a > single of each Equity, Liability and Asset accounts as parent accounts > with the beginning balances, and transfer to the child accounts from > there? > > Thank you, > Yes they should. And, yes those three plus Income and Expense. So you would have 5 top level accounts.
You may then edit the other accounts and place them under the proper parent. No need to re-create and no need to transfer the transactions. Once you re-parent the accounts everything will be setup correctly (if you pick the correct parents). Good luck. --Steve -- Stephen M Butler, PMP, PSM stephen.m.butle...@gmail.com kg...@arrl.net 253-350-0166 ------------------------------------------- GnuPG Fingerprint: 8A25 9726 D439 758D D846 E5D4 282A 5477 0385 81D8 _______________________________________________ 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.
