The current transaction is not balanced.

[Christian Stimming]

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On Friday 06 July 2001 09:08, Douglas F. Elznic wrote:
> The current transaction is not balanced.
>
> ( ) Balance it manually
> ( ) Let GnuCas add an adjusting split
> (x) Adjust current account split total
>
> I have no idea what any of these mean. I used to be able to add or
> subtract money with no menus like this at all. Can someone explain to me
> what I am doing wrong? I apologize if this is an easy question. I have
> very little knowlwedge of financial matters...

In GnuCash, expenses and incomes are also represented with accounts. One 
could say that your income must "come from somewhere", i.e., another 
account which could be called "salary". Also, you could have expense 
accounts for groceries, another one for your telephone bill, one for 
gasoline, etc. If you don't want to bother with that, then create a 
'miscellaneous' expense and a 'miscellaneous' income account and make all 
transfers to that. But you're really missing the whole point of this 
program -- tracking where your money goes.

If you don't have any income/expense accounts yet, you can create them as 
you need them. As you enter transactions, if you need a new account to 
represent an expense, just type the name you want into the transfer column 
and hit 'tab'. GnuCash will tell you the account does not exist and ask 
you if you want to create it (do so). Now the account exists and you can 
complete the transfer. Initially, you will have to create lots of accounts,
but as time goes on you will get an account hierarchy that is useful for 
you.

Christian (with lots of text copied from Dave :)
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