New User opening balance question

[Derek Atkins]

hi,

Quoting Carren Stuart <kiwionabike at xnet.co.nz>:

> Hi :-)
>
> I'm a new user and set up my accounts yesterday. At the time I didn't
> enter an opening balance, thinking I could go back and do that later,
> but I can't see any way of doing that without entering the opening
> balance as a deposit - which would be incorrect.
>
> Is there a way I can do this or will I have to delete the accounts and
> start over? (I'm talking about bank accounts here).

The opening balance is just a regular transaction from Equity:Opening
Balances to the account in question (or reverse for a Liability opening
balance).  So you are incorrect saying that entering it as a deposit
would be incorrect.  All the dialog does is create this transaction
for you automagically instead of requiring you to enter it by hand.

> Regards
>
> Carren

> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.

-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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