starting balance on new file

[Nolan Young]

Thanks for your help.

On Sun, Feb 5, 2012 at 10:52 AM, Dustin Henning <The00Dustin at gmx.net> wrote:
> You could reconcile after entering the starting balance in order to have the
> reconciled balance be the previous file's closing balance when you reconcile
> against the new statement for real.   However, it's probably just as easy to
> look at the opening balance and compare that to the one on the bank
> statement as it is to compare the starting balance when reconciling.
>
> -----Original Message-----
> From: gnucash-user-bounces+the00dustin=gmx.net at gnucash.org
> [mailto:gnucash-user-bounces+the00dustin=gmx.net at gnucash.org] On Behalf Of
> Nolan Young
> Sent: Sunday, February 05, 2012 11:46
> To: Colin Law
> Cc: gnucash-user at gnucash.org
> Subject: Re: starting balance on new file
>
> Okay, thanks.  That makes sense.
>
> We have had the same checking account for many years, but I start a new file
> every calendar year.  I was looking for a way to have the previous file's
> closing balance (December 31) be the new file's starting balance, so it will
> agree with the bank statement, but it sounds like it doesn't work that way.
> I have no accounting training or background, so thanks for the feedback.
>
> I will adjust the credits to make the reconciliation work.
>
> On Sun, Feb 5, 2012 at 5:57 AM, Colin Law <clanlaw at googlemail.com> wrote:
>> On 5 February 2012 04:45, Nolan Young <nryoung415 at gmail.com> wrote:
>>> Version is 2.4.0 under OpenSuse Linux.
>>>
>>> Created new file for 2012, with the usual accounts.  Created
>>> transaction dated 1/1/2012 called "Opening Balance" with description
>>> "Equity:Opening Balances".  But when I start to reconcile, it says
> starting balance is 0.00.
>>
>> The opening balance that you entered is one of the items that you will
>> have to reconcile, so the starting balance before that is zero.
>>
>> Colin
>
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