Thanks,
That was the answer I was looking for
However I now have a more serious problem; in the process of trying to move all
the GnuCash files and application to their own directory, I have lost all the
work I have done the last 3 days
the application has lost links to all the accounts and data
How do I retrieve that?
> On 6 Sep 2017, at 15.02, Mike or Penny Novack
> wrote:
>
>> On 9/6/2017 6:00 AM, Nigel Snow wrote:
>> Hi,
>> I am new to GnuCash.
>> I have finished setting up my chart of accounts manually, but now I need to
>> populate Opening Balances.
>> I understand that option was only available in the wizard.
>> The question is how to set up Opening Balances Manually?
>>
> Exactly, you enter the transaction manually (just like you will be entering
> other transactions). In other words, this is simply the first transaction of
> the accounting period.
>
> BUT -- because doing a two way split transaction is tricky, I suggest you use
> TWO transactions, one for the credit side of equity and one for the debit
> side.
>
> You want a BALANCE SHEET from your old method of accounting that would be
> valid for the first day of your new set of books under gnucash. Look at the
> total assets amount. Create a transaction to credit equity for that amount
> and hit split. Change the split amount to the first asset account amount and
> specify the account. Repeat till there is nothing left in Imbalance. Then
> that side of the split is done. OK, now do the same for the total amount of
> liabilities except this time you are doing a debit to equity.
>
> Michael D Novack
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