New account - how to arrange opening balance

[James Wilde]

On Feb 2, 2010, at 21:19 , James Wilde wrote:

> 
> I solved the tax liability by assigning an credit sum to one of the tax expense accounts.  I don't know whether it will be possible to move it later.  I suppose I could have done the same thing with an income account, or created a positive expense account to handle the person's debt to me.

Incidentally, if anyone follows this bright idea, let me tell you that no credit is created on the expense account in question, and accordingly, no entry in the Equity account.

//J