question about opening account balance

[Derek Atkins]

Hi,

Matt Funk <matze999 at gmail.com> writes:

> Hi Derek,
> no it's not (opening balances in US Dollar, other account in Euro).
> Though i do have other accounts in US dollar.
> What is the strategy for dealing with this situation? Do i create
> another Opening Balances account with the matching currency?

Create a new O-B account for each currency.  Or manually specify an
exchange rate. Either way works.

> thanks
> matt

-derek

> On 1/17/2013 10:27 PM, Derek Atkins wrote:
>> Hi,
>>
>> On Thu, January 17, 2013 4:03 pm, Matt Funk wrote:
>>> Hi,
>>> i downloaded transactions from my bank account. I do need to change the
>>> opening balance on this account.
>>> So i tried to enter a new transaction in Equity:Opening Balances account
>>> and under Transfer I have the particular bank account listed. I also
>>> enter a non-zero amount in the "Increase column".
>>> When i open the bank account for which i just entered the opening
>>> balance, i see the transaction listed, however, the balance amount is
>>> zero.
>>>
>>> What am i missing? To me it looks like something is not synced between
>>> the Equity:Opening Balances and the bank account, but i could be wrong
>>> of course.
>> Is the Bank Account in the same currency as the Equity account?
>>
>>> thanks
>>> matt
>>> 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
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