Opening Balance Question

[Derek Atkins]

Quoting Tony Nelson <tonyn at openlearning.com>:

> When we set up GnuCash we entered balances for each of the balance sheet
> accounts with an offset to "Opening Balances".  When we compare the
> QuickBooks balance sheet to the GnuCash balance sheet GnuCash has
> everything the QuickBooks balance sheet has plus the "Opening Balances"
> amount.  "Total Liabilities & Equity" amounts agree.  Will the "Opening
> Balances" account show forever?

Yes.

> Thanks in advance,
> Tony

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-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
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