Equity account

[Carson Chittom]

"trenton hall" <trentonphall at gmail.com> writes:

> Just starting to work on this and I've got what may seem obvious, but not to
> me.  I don't understand how this Equity account works. Do I have to first
> add money to it, or can I just start an opening balance in say my savings
> account, by way of the Equity opening balance.?   Thank you

It's the latter.  If you have, say, an existing account balance of
$100.00, when you enter the item in your Savings Account tab, the money
will come from Equity:Opening Balances.  That way everything evens out
to $0.00