Nooby on gnucash

Daniel Carrera daniel.carrera at zmsl.com
Thu Mar 15 08:13:26 EDT 2007


On Thu, 2007-15-03 at 13:46 +0200, Alf Stockton wrote:
> I have just started using GnuCash so please forgive the dumb question
> but....

I had the same question maybe less than a month ago :)

> How do I add an opening balance to an existing account?

Create an account called "Equity:Opening Balance". It should be of type
"Equity".

For example, when I started using GnuCash last month I already had a
bank account with $X in it and I already had a student loan with a
balance of $Y. So on day 1 I created the accounts:

Assets:Bank
Equity:Opening Balance
Liability:Student Loan

And I made two "transactions" that day:

- Deposit $X in Assets:Bank from 'Equity:Opening Balance'
- Credit $Y to 'Liability:Student Loan' from 'Equity:Opening Balance'

HTH
-- Portuguese is essentially bad Spanish, mumbled.



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