Expense accounts etc...

[Anthony Dardis]

When I came over from the Dark Side (Quicken) in June I closed the books  
for a certain time (I think it was Jan 1 2008), and deleted accounts that  
weren't active. That took care of most of it. There were a few left that  
still came over. I deleted transactions from those that no longer balanced  
against anything, and I think I put in some adjustments against equity to  
make the balances come out to where I wanted. I'm not an accountant, but  
some judicious fiddling left everything where it seemed right: accounts  
started out with reasonable amounts and then worked forward with  
transactions I recognized.

Hope that helps.




On Sun, 07 Nov 2010 00:15:24 -0400, Dennis Powless <claven123 at gmail.com>  
wrote:

> I have just converted my 10+ years of quicken data to gnucash....  I
> had quite a bit of work to get things done.  I have gotten the
> checkbooks and credit cards all up and running, I think.
>
> My question is this....
>
> I have several accounts that are not active like old credit cards and
> some banks.  I also have a few accounts that are still active that
> span this whole time.  Can I delete these old accounts or do I hide
> them.  Do they still contribute to the networth etc....?
>
> What happens to all the money i transfer to the expense accounts (used
> to be categories in quicken)?  Does this impact the networth? or
> balances?
>
> I feel I have figured out this wonderful program, I just need to get
> it to work for some of the older stuff.
>
> I toyed with the idea of starting over from the last statements for my
> accounts, is this advisable?
>
> Thanks,
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