Setting opening balances retrospectively.
Maf. King
maf at chilwell.net
Fri Sep 22 08:07:01 EDT 2006
On Friday 22 September 2006 11:24, Adam Funk wrote:
>
> Is there any difference between an opening balance entered in the
> "Create account" dialogue and a manual register entry with the typed
> description "Opening Balance" offset against "Equity:Opening
> Balances"?
Not as far as I am aware. One way saves typing!
>
> And when, if ever, does an "Opening Balance" get locked --- when I
> reconcile the account?
>
No. AFAIK, no register transaction gets "locked" (unless it is a posted
invoice from the business section), but once it is reconciled, you will get a
warning if you subsequently try to alter it.
HTH,
Maf.
> Thanks,
> Adam
>
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Maf. King
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