Opening a New Account with Existing Retained Earnings

[Paul Schwartz]

With your newly created retained Earnings account, you can enter your pre-existing assets, debiting one and crediting the other. That's double entry book keeping.

HTH

Paul

--- On Sun, 10/25/09, Roger <aretae at magma.ca> wrote:

> From: Roger <aretae at magma.ca>
> Subject: Opening a New Account with Existing Retained Earnings
> To: gnucash-user at gnucash.org
> Date: Sunday, October 25, 2009, 9:02 AM
> I have asked similar questions before
> but have yet to get an answer that I understand, so I tried
> just starting an account from scratch.  I am using
> 2.3.7 and started by setting up a new account assuming that
> I have Retained Earnings from previous years.
> 
> So, I thought what I wanted to do was simply put an Opening
> Balance for Retained Earnings in the Setup New Account
> wizard but it is grayed out not allowing me to make any
> entry.
> 
> What is the detailed (step-by-step) recommended procedure
> to get Gnucash to set an opening balance for Retained
> Earnings?
> 
> Thanks,
>  Roger
> 
> 
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