Opening Balances in Equity is Red (Negative)

[OOzy Pal]

I think you are right.

I did it backward.

Hasan Bjaili

On 12/5/06, Derek Atkins <warlord at mit.edu> wrote:
> 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
>


-- 
OOzy
Kubuntu-Edgy