Teresa, At the risk of going off topic, hang in there. :-) I am not an
accountant and only learned bookkeeping by having the title of "Treasurer"
fall upon me for a non-profit I am involved in. We needed to use
Quickbooks Online. Around the same time, I started doing my own finances
in GNUCash
On Thu, 07 Mar 2019 14:40:28 -0500
Michael or Penny Novack wrote:
> Since you say you are experienced in accounting (but new to gnucash I
> think what you are asking is "if I have an account A and I want it to
> be a child of account B, how do I do this (in gnucash)?"
>
> Yes?
>
> If so, what
It’s been many years, but if I’m not mistaken, that is what GnuCash does when
you enter an opening balance when creating an asset or liability account for
the first time. (rather than entering it later)
If you are planning to have other Equity entries, it is probably a good idea to
split the op
I did it directly in the child account with the corresponding,
double-entry accounting entry into Equity child account.
For example I have my Asset:Banking:Checking1 hierarchy and my
Equity:Opening_Balances hierarchy. In the Checking1 child account I
entered the opening balance with a corre
On 3/7/19 9:56 AM, Teresa wrote:
> I have 25 years experience in Accounting, however never set up a chart
> of accounts.
>
> I just started working for my daughter, who has done everything in excel.
>
> I have put all the gl accounts in GnuCash, but they all went in as
> parent accounts, I new term
On 3/7/2019 12:56 PM, Teresa wrote:
I have 25 years experience in Accounting, however never set up a chart
of accounts.
I just started working for my daughter, who has done everything in excel.
I have put all the gl accounts in GnuCash, but they all went in as
parent accounts, I new term to me.
Hi,
On Thu, March 7, 2019 12:56 pm, Teresa wrote:
> I have 25 years experience in Accounting, however never set up a chart
> of accounts.
>
> I just started working for my daughter, who has done everything in excel.
>
> I have put all the gl accounts in GnuCash, but they all went in as
> parent ac
The way I did it was to set up a CoA with 5 parent accounts: Asset,
Equity, Liability, Income and Expenses. I set those as top level
accounts so no transactions can be entered directly into them. Then I
set up all my child accounts under the proper parent accounts. Then I
set up the opening
