Opening Balance Question

[Jannick Asmus]

On 07.07.2008 22:32, Tony Nelson wrote:
> 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, I expect them to be comprised in equity at every end of period date.

J.