Opening Balances in Equity is Red (Negative)

[Derek Atkins]

Hi,

Please be sure to CC gnucash-user on all your replies...

"OOzy Pal" <oozypal at gmail.com> writes:

> I am not sure what do you mean. Sorry, I am new to this thing.
>
> I entered

Which account register do you have open?

> The date
> Num (left empty)
> Desc (Opening Balance)
> Transfer (Equity:Assets:Current Assets: Cash in Wallet)
> R (n)
> Debit (left empty)
> Credit (5115.00)
> Balance (-5115.00) automatically generated.

Well, if you're sitting in an Asset account, then a credit is
going to decrease the value..  So you entered this transaction
backwards.

-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