Start Balance (was: How to print accounts list? Start Balance?)

[Paul Schwartz]

--- On Mon, 5/11/09, Tim Frost <timfrost at xtra.co.nz> wrote:

> From: Tim Frost <timfrost at xtra.co.nz>
> Subject: Re: Start Balance (was: How to print accounts list? Start Balance?)
> To: "Steve Juniper" <snijuniper at comcast.net>, "Gnucash Users List" <gnucash-user at gnucash.org>
> Date: Monday, May 11, 2009, 2:31 AM
> Steve,
> 
> On Sat, 2009-05-09 at 18:28 -0500, Steve Juniper wrote:
> [section about printing deleted] 
> > 
> > Also, is there any way to insert starting balances
> with accounts already 
> > set up, other than having a dummy source for the
> funds?
> 
> For cash accounts, use Equity:Opening Balances (I don't
> know the Spanish
> equivalent). Equity is a top-level account with the
> placeholder option
> checked, and account type of 'Equity'. Opening Balances has
> Equity as
> its parent. It is excluded from reports such as Balance
> Sheet and
> Income/Expense.
> 
If you don't include this in the Balance Sheet, things won't balance. :-)
I transferred all of the Opening Balances to Previous Retained Earnings so it looks more like a conventional report.

HTH

Paul


> With that account set up, you can load the initial
> balances, with
> Opening Balances on one side and the relevant account on
> the other
> (remember to take account of signs, and whether the target
> account is an
> asset or a liability ;).
> 
> 
> I don't know how to load shares correctly using the Opening
> Balances
> account.
> 
> 
> Tim
> 
> -- 
> Tim Frost <timfrost at xtra.co.nz>
> 
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