Accounting 101 Question: GnuCash Balance Sheets

[Jim & Grace Flowers]

Imbalances usually occur when there is a split transaction.  Simon is right.  It is something that needs to be fixed before posting (pressing enter key) the transaction to the various accounts.  In the case of split transactions, the imbalance means that the splits don't add up to the total amount to be posted.

Hope this helps.

Jim

-----Original Message-----
From: gnucash-user-bounces+dondiegoflores=verizon.net at gnucash.org [mailto:gnucash-user-bounces+dondiegoflores=verizon.net at gnucash.org] On Behalf Of Simon Lindgren
Sent: Tuesday, August 30, 2011 1:46 AM
To: gnucash-user at gnucash.org
Subject: Re: Accounting 101 Question: GnuCash Balance Sheets

I only know the answer to the last question...

lör 2011-08-27 klockan 01:16 -0700 skrev Anthony Nelson:
> 4) What is Imbalance-USD?  Is this something I need to fix in some way (I
> don't like imbalances!)

Imbalance-$CURRENCY (replace $CURRENCY with what is relevant, in your
case USD ;)) accounts are created when you try to enter a transaction
where the credit and debit columns do not balance out. This is because
Gnucash does not allow imbalanced transactions, so a transfer to/from
this account is added automatically to make the transaction balance out.

-- 
Simon Lindgren

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