Imbalances

[Liz]

On Tue, 12 Feb 2013 21:21:44 +1100
Liz <edodd at billiau.net> wrote:

> On Tue, 12 Feb 2013 09:43:51 +0000
> Michael Hendry <hendry.michael at gmail.com> wrote:
> 
> > I suppose the "Imbalance" feature in GnuCash could be regarded as
> > the computer-equivalent of the Suspense account, and indicates that
> > something doesn't quite add up. Once you've established that the
> > money was spent on "Miscellaneous" items, you can zero out the
> > Imbalance. If you're still not sure where it went, you can always
> > leave it in as an imbalance until you have time to work it out. 
> 
> I use Suspense for those transactions which I hope will be sorted out
> - a missing deposit or expense.
> I've got some phrase for expenses which are the money I spend from
> cash and have no hope of ever classifying. Things like the money I
> spent on fruit at a roadside stall.
>
and the Imbalance is mistakes I've made and need to fix in my accounts.