But I would NOT simply edit the amount. It is better accounting practice
to leave an audit trail for corrections. You can create a "correction
transaction". If, as described, you want the effect to be as if you had
entered the correct amount initially, date the transaction so it will
appear immediately after that book opening transaction.
Michael D Novack
On 2/10/2020 12:48 PM, Adrien Monteleone wrote:
The carpenter’s rule I learned was, “Measure twice, cut once.” Those other two
rules, while true, produce lots of waste in materials and time. All three lend
credence to the maxim, “You can have it right, or right now, but not both."
---
But to the question, yes, you can simply change the opening balance transaction
in the register for that account. You can also do it from the 'Equity:Opening
Balances' account. Opening transactions are just simple transactions between
the account in question and ‘Equity:Opening Balances’.
Of course, this will alter your balances in that account for the entire history
of the book, but that is what you want to do.
If some period had worked out correctly before the edit, that means you had an
error in that period. (because the opening balance was wrong, the ending
balance should be wrong also, if it wasn’t, that means another error was
present.)
After the edit, start reconciling one period at a time and *then* print
reports. (You printed reports for non-reconciled periods? How did you know the
were correct?)
Regards,
Adrien
On Feb 9, 2020 w7d40, at 11:05 PM, Richard Danielson <rdan...@gmail.com> wrote:
Hello all,
I moved my accounting from Simply Accounting 7 (something) on Win 7 to GC
2.6.19 on ubuntu linux back in January/19. For starting balances I used my
trial balance from 2018 on Simply Accounting to get the values for Jan 1/19 on
GC. I subsequently worked like a bionic beaver to do all my accounting for the
year.
Unfortunately, at this very late point in time, I discovered that I started the
year with an incorrect total on one of my asset accounts. If possible, would
like to edit this starting amount for Jan 1/19 so that things work out
correctly afterward and all the way up to the end of the year.
Being suspicious of my actions I waited to reconcile any bank or credit card
accounts, so if it is possible to just change the starting balance on that one
account, I will happily re-print all of my monthly reports and reconcile
everything which should be reconciled before going into 2020.
All my life, I have followed the carpenter's rule - "There is always time to do a job
twice....if you screw up, you have to do it again." Of course, there is always at least one
exception, for example - "If you cut a board too short, then cut it again!"
Can someone tell me whether in this case, the rule holds or does the exception
hold? Thanks.
Rick
_______________________________________________
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.
--
There is no possibility of social justice on a dead planet except the equality
of the grave.
_______________________________________________
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.