Hi, Andrien, And thanks.
If you look back up to the last email of mine in this thread, you will see that all the issues I mentioned have been successfully addressed. I've now set up all my accounts and have created opening balances by means of transactions involving each account together with Equity:Opening Balances, as you (and others) suggested. -P. On Sat, Jan 16, 2021 at 10:35 PM Adrien Monteleone < adrien.montele...@lusfiber.net> wrote: > On 1/15/21 11:53 PM, Peter S. Shenkin wrote: > > Hi > > > > I've recently volunteered to take over as treasurer of a non-profit. The > > previous treasurer was keeping his accounts with a different (tty-based) > > system and I wanted to try Gnucash instead. > > > > 1. After having set up my accounts, I looked at the documentation and saw > > that Opening Balances are supposed to be entered when accounts are first > > created. Is there a workaround, or do I have to go through the whole > > account setup process again? And what do you do if you make a mistake! > (No > > transactions have been made so far.) > > There is nothing special about an Opening Balances entry. It is simply a > transaction balanced between whatever account is in question and > "Equity:Opening Balances", and can be entered at any time after the > initial setup, if not done during setup. > > > > 2. I wanted to keep Equity under Liabilities (only because the previous > > treasurer was doing this), but after I put it there (with the Opening > > Balances subaccount beneath it), GnuCash created a top-level Opening > > Balances account. When I delete it, it comes back. Is there a way I can > use > > the schema with Equity under Liabilities? > > I am not certain, but that is certainly not standard accounting > behavior/practice as I understand it. > > The 'basic' accounting equation is: Assets = Liability + Equity > > Therefore, Equity is not a sub-account of Liability, but its own > 'top-level' account. It should not be (maybe depending on legal > jurisdiction) listed under Liability. > > > > 3. Is there a way to set the top-level display order of accounts other > than > > by using the "optional" account numbering scheme and ordering by the > > numbers? > > Not sure what you are trying to accomplish. Can you be more specific? > > Regards, > Adrien > > _______________________________________________ > 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.
