delete file names
JOSEPH AIELLO
jraiello at verizon.net
Thu May 16 18:27:08 EDT 2013
Hi All;
I seem to be going backwards,I thought I had this system,but I don't.
I opened a new business account and want to start with an opening balance of $2000.In the initial phase I place $2000 in the Checking Account under Assets.The Account file shows Assets = $2000,Equity = $2000.
The Equity statement under Income & Expense reads as follows:
Capital, 01/01/2013 $0.00
Net income for Period $0.00
Investments for Period $4,000.00
Withdrawals for Period $2,000.00
Increase in capital $2,000.00
Capital, 12/31/2013 $2,000.00
How did I get $4000? I did something wrong,but what?
What is the proper way to initialize an Account?
......thanks ...... joe
p.s. Is there a way I can search the threads for this subject matter?
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