Multiple csv file import/conversion

[Keith Thompson]

David, I am not an accountant so forgive the questions:
Are you setting up your first account in GNUCash?
This would be when you would use 'Equity:Opening Balances'
This would assume that you already had a balance in your VISA account 
(either positive or negative); & you wanted to use that amount as your 
opening balance.
If you are making a transaction to your VISA account you would not use 
'Equity:Opening Balances'.
A purchase would be offset against an Expense Account.
A payment of your VISA account would be offset against a bank account 
(Checking?)
I hope this basic attempt at an explanation doesn't offend.
Regards,
Keith

On 22/02/2013 14:47, Jamestk wrote:
> Hello Kieth and thanks for the reply.
>
> The $100 came from 'Equity:opening balances' account during the tutorial.
> This credits the 'charge' side of the  Visa register which appears correct.
>
> David
>
>
>
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