Mutual funds balance adjustment

[Remco Rijnders]

>>>>> "Jason" == Jason Rennie <jrennie@ai.mit.edu> writes:

    >> I do wonder thought what the function of the Account --> Adjust
    >> Balance menu is then as it seems (to me) that it does such an
    >> odd thing.

    Jason> It's there because sometimes you don't want to enter every
    Jason> transaction in existence for an account. i.e. if you've had
    Jason> a checking account for 7 years and you only want to enter
    Jason> stuff back to one year ago, you use "Adjust Balance" to set
    Jason> the balance as of one year ago.

Gotcha :)

Thank you Jason for explaining this to me. All my accounts that I did
not start out at zero should be opened in this way? Till now I've been
making a credit or debit change to my account with the description
"opening balance". I understand that this can lead to incorrect
reports etc. about income and expenses etc.

May I suggest (to the GnuCash developers) that the adjust balance
option is then to be included in the "create a new account" procedure. 
I feel that it would be less confusing in there than in its current
place.

Remmy

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