Troy
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Assuming your file/book has been started before or concurrently with your
business then yes. You would then record the contributions and draws as normal
On 5/11/2021 3:39 PM, Troy Spindler wrote:
Hey all.
Does anyone know what's the difference between an Equity account with vs.
without having "Opening balance" checked off? From what I can tell, they do
the same thing.
I have a new business with its own Gnu Cash file, and I'm trying to record
Troy,
The Opening Balances in Equity record the net worth of your Assets and
Liabilities at the time you open a new set of books/file. The option to
create them when creating a new file is to accommodate the situation where
you are transferring existing balances from a previous set of books/file.
Hey all.
Does anyone know what's the difference between an Equity account with vs.
without having "Opening balance" checked off? From what I can tell, they do
the same thing.
I have a new business with its own Gnu Cash file, and I'm trying to record
my transfers from my personal accounts as
