Credit Balance on new Expense Account

[hendrik at topoi.pooq.com]

On Fri, Jan 12, 2007 at 05:07:19PM -0600, Tad Marko wrote:
> On Fri, Jan 12, 2007 at 03:03:10PM -0500, hendrik at topoi.pooq.com wrote:
> > On Fri, Jan 12, 2007 at 12:36:07PM -0500, Ariel wrote:
> > > Option 2:
> > > 
> > > Put a negative opening balance (dated 12/31/06) into your telephone 
> > > account, then set gnucash to show you data starting from the beginning of 
> > > the year.
> > 
> > I'd pick option 2 -- isn't a negative balance just what would normally 
> > result from an overpayment?
> > 
> > -- hendrik
> 
> I thought I was understanding the suggestions better than I apparently
> am...
> 
> If I put in a negative opening balance, where does that come from?
> Opening balance equity account?

Yes.

> Having done that, how do I enter the next bill that should debit
> against that balance? I can't just put it in the account without tying
> it to a source account. Do I use Equity:Opening Balance for that too?

>From the relevant expenses account.

> 
> Tad
> 
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