On Tue, Sep 08, 2020 at 09:05:46AM -0400, Derek Atkins wrote: > Hi, > > On Tue, September 8, 2020 8:52 am, Chris Green 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). > [snip] > > 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. > > An O-B transaction is nothing special, it's just a regular double-entry > transaction between the account in question and the Equity:Opening > Balances account. You can create an O-B when you create an account, or, > after the account is created, you can just manually create the O-B > transaction. > > So for example if you start with $100 in your Bank, the O-B would be a > transaction that Debit's Bank $100 (putting the $100 into it) and credits > E:O-B. > > There's nothing special about it. > Yes, thanks, I seem to have got there now.
However I still think the help system was a bit rubbish! :-) -- 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.
