Opening a New Account with Existing Retained Earnings
Mike Alexander
mta at umich.edu
Thu Oct 29 01:54:18 EDT 2009
--On October 28, 2009 6:31:12 PM -0400 Roland Roberts
<roland at astrofoto.org> wrote:
> The last time I tried to enter a transaction with splits on both
> sides, I ended up with multiple entries. I recall depositing two
> checks to my checking account and I listed both of them in the split.
> When I was done, I had two transactions in my checking account, one
> for each check that was deposited. It made sense but was confusing
> since I had two transactions, both with the same total, and that
> total was only added to the account balance once (all quite correct,
> but confusing). I had expected only one entry with the two splits.
I suspect that you had one transaction, but it showed up in the
register twice. If your register is not in a "ledger" view (i.e., it
shows only one split per transaction) then any transaction that has two
or more splits in the account associated with the register will be
shown two or more times in the register, once for each split in the
account. If you put the register into ledger mode, for example by
selecting the menu item "View->Transaction Journal", then each
transaction will appear in the register only once.
Mike
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