How to cancel imbalance amounts

[Yawar Amin]

Hi Robert,

On 2011-11-16, at 19:39, ryoung1 wrote:

> […]
> 
> Things should be simple enough, but I am left with a large 'imbalance
> amount'. Using hypothetical figures to demonstrate, I have total assets
> $20,000, imbalance amount $5,000 and a difference figure of $15,000. Reports
> are inconsistent in their portrayal of these values.

Which report(s) gave you these figures? I know they’re hypothetical, but where are the real figures coming from, apart from the below pages/reports?

> 1)     In the Accounts report 'Equity' appears as $15,000, 'imbalance
> amount' as $0.00, and commoditiy 'grand total' as $20,000.

I think you’re referring to the GnuCash main page, the Accounts page. This is not a ‘report’ as defined by GnuCash, but just a page which shows you all your account balances.

What this is saying is that there is no imbalance.

> 2)     In the Account Summary Sheet  'Equity' appears as $15,000, 'total
> assets' as $15,000 and 'imbalance' as $0,00.

This seems to agree with the above, except the Account Summary report in GnuCash (main menu, Reports > Account Summary) does not calculate total assets. Can you tell us the steps you took to generate this report?

> 3)     In the Balance Sheet report 'Total assets' appear as $16,000,
> 'equity' as $15,000, 'unrealised losses' $3,000, and 'total equity' as
> $12,000.

This seems fine–your asset accounts seem to sum up to $16k; and total equity = equity - unrealised losses.

> In the 'opening balance' account there are quite a few entries where share
> accounts are correctly named but show no dollar amounts denoting value of
> investments in the credit column. Yet share names and dollar values seem to
> be correctly stated in the register of individual share accounts. 

I think this is because you’re viewing the account in ‘Basic Ledger’ mode, which just shows one line for every transaction. To see all the dollar amounts, in the account window, click View > Transaction Journal to see each transaction expanded fully.

One last question–can you go into your Imbalance account and see if you have any transactions in there?

Regards,

Yawar

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