I should add, that the transactions will be, e.g., Debit:Assets:Savings $<opening balance amount> Credit:Equity:Opening Balances $<opening balance amount>
Peter -- Peter West p...@pbw.id.au “Stretch out your hand.” And he did so, and his hand was restored. But they were filled with fury… > On 8 Sep 2020, at 11:01 pm, Peter West <li...@pbw.id.au> wrote: > > Hi Chris, > > Don’t create accounts under Equity. Create your savings and current account > under Assets. Then enter your opening balances as Stan Brown describes. > > Peter > -- > Peter West > p...@pbw.id.au > “Stretch out your hand.” And he did so, and his hand was restored. But they > were filled with fury… > >> On 8 Sep 2020, at 10:52 pm, Chris Green <c...@isbd.net> wrote: >> >> I am at the stage of lots of rude words at the moment! :-) >> >> I am just starting to try and set up GnuCash for the PCC accounts and >> I've fallen at the first hurdle. I can't work out how to enter >> opening balances for the two accounts we have - a current account and >> a savings account (which is basically the building fund). >> >> I have to say at present the help system is worse than useless, maybe >> I'll get used to it later but it really doesn't help at all at this >> beginner level. >> >> A search for 'opening balance' in the Tutorial and Concepts Guide >> always takes me back to the top level whereas I want to search within >> a section. HOw do I search for 'opening balance' in the Managing >> Business Finances section? >> >> So, ignoring the help system, how do I enter an Opening Balance? >> There's a section in accounts under 'Equity' for opening balances and >> I tried creating two accounts under that and entering balances but the >> result made no sense at all to me. Having entered an opening balance >> I'd expect the balance sheet to show me that amount but GnuCash just >> did a decrease and a balancing increase in the Equity account which >> doesn't really make much sense. >> >> >> -- >> Chris Green >> _______________________________________________ >> 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. _______________________________________________ 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.