How to properly new account an opening balance?

[Robert Graham Merkel]

On Thu, 02 Aug 2001 13:53:23 Michael Morrison wrote:
> Hi Folks,
> 
> I'm pretty new to Gnucash and the probability is high that this is a 
> stupid question, but I was not able
> to find an answer in the docs or mailing list archive....
> 
> How does one give an opening balance to, say a new credit card account 
> when it's created?
> I tried adding a "beginning balance" to the ledger on my new account, 
> but then GNU cash wanted
> the money to come from Somewhere, so it made a new account called 
> "Imbalance-USD"
> 

When you create accounts, there is a tab called "Opening Balance". 
Usually,
you will create an Equity account called "Opening Balances" where all
opening balances are transferred from.


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Robert Merkel	                           rgmerk@mira.net

Go You Big Red Fire Engine
-- Unknown Audience Member at Adam Hills standup gig
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