Vendor - Opening Balances

[Derek Atkins]

Bill & Di McDonald <mcetten at xtra.co.nz> writes:

> Hi,
>
> I'm relatively new to Gnucash.  I have been powering away entering info and 
> finding it really great. But have now hit a brick wall.
>
>
> Is it possible to enter opening balances against individual Vendor accounts?

No.

> I can't work out how to do this?

The only way to do that is to issue a vendor bill with the opening balance.

> I can see I could enter a entry between Accounts Payable and the Equity 
> Opening Balances Account. But see no way of allocation the Opening Balance to 
> the individual vendors, so that the payments when made go to the vendor 
> accounts.

Indeed, you cannot do that.

You might be able to use the Equity account instead of the Expense account
in the bill.

> Or do I have to post the payments related to previous periods against the 
> opening balance in accounts payable?? rather than the vendors affected.

gnucash doesn't do multiple periods, yet.  Most of the reports, however,
will interpret the data into periods for you.

> Any help with this would be greatly appreciated.
>
> Diane McDonald 

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available