Re: New User: Starting Debt

2024-03-28 Thread Martin Michlmayr
* Chary Chary [2024-03-28 11:42]: > I am not an accountant, but as far as I understand, Equity is > exactly the the right account for this. Yep, it's right. Maybe OP can explain why they think it's not right. -- Martin Michlmayr https://www.cyrius.com/ -- You received this message because yo

Re: New User: Starting Debt

2024-03-28 Thread Timothy Jesionowski
https://beancount.github.io/docs/the_double_entry_counting_method.html#equity If you're interested, I recommend reading the whole document. Martin wrote a very clear explanation of the fundamentals behind accounting. On Thu, Mar 28, 2024, 2:42 PM Chary Chary wrote: > Hello! > > I am not an acco

Re: New User: Starting Debt

2024-03-28 Thread Chary Chary
Hello! I am not an accountant, but as far as I understand, Equity is exactly the the right account for this. Whenever I myself have a question like this it helps me think and google assuming that I am running an accounting for a small business. In this case Equity is everything which owners in

New User: Starting Debt

2024-03-28 Thread dot rose
Good morning all! How do I input the debt I already have when starting to use beancount? My entry looks like: ``` 2024-03-28 * "BofA:Credit" "Opening Balance" Liabilities:BofA:Credit -113.44 USD Equity:Opening-Balances 113.44