Imbalance account

[Derek Atkins]

Hi,

<anne.khangura at gmail.com> writes:

> Hi Derek
> thanks for the reply.  I imported as a qif file, then allocated the
> transactions after they were imported.  Funny thing is that I've done
> it before without this happening, and of course you don't notice it
> unless you look at the Chart of Accoutns
> A

I don't see any reason that the QIF importer should put something into
the Imbalance account.  However it is usually better to map the
transactions during the import rather than after the import.

-derek

> -----Original Message----- 
> From: Derek Atkins
> Sent: Thursday, April 05, 2012 4:55 PM
> To: Mrs Millipot
> Cc: gnucash-user at gnucash.org
> Subject: Re: Imbalance account
>
> Hi,
>
> Mrs Millipot <anne.khangura at gmail.com> writes:
>
>> I've started using Gnucash recently, and have found it remarkable easy to
>> follow.  I've used Quicken and MYOB previously, as well as some
>> industry-specific programmes.
>> Here's my question:  after importing bank transactions (easily) so that I
>> can reconcile the bank accounts, and concluded this successfully, I
>> find all
>> the transactions are also in the Imbalance Account in the Chart of
>> Accounts.
>> All transactions were allocated to the respective income/expense accounts
>> when imporint.
>> Where have I gone wrong?
>
> Which import mechanism did you use, and how did you allocate to the
> respective inc/exp accounts?  Having the Imbalance account filled as you
> describe implies that this allocation did not happen properly during
> import.
>
>> Please remember to CC this list on all your replies.
>> You can do this by using Reply-To-List or Reply-All.
>
> -derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available