How to create an opening balance?
andy thomas
andy at netstat-a.net
Thu Mar 10 01:38:20 EST 2005
We keep a separate set of accounts for each financial year but I've run
into a problem with creating a fresh set of accounts with a pre-existing
bank balance. After exporting the account tree structure into the new
year's accounts, I want to carry forward the money left in the bank from
the previous year. If I enter this manually, gnucash naturally complains
that the account is unbalanced, as accounting principles mean the money
has to come from somewhere.
I note that equity accounts have a facility to create an opening balance -
should I just create an Equity:BroughtForward account and put last year's
bank balance into that when I start the new accounts?
Andy
-------------------------------------------
Andy Thomas,
netstat -a llp
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