Why is this happening?

[Derek Atkins]

Hi,

JOSEPH AIELLO <jraiello at verizon.net> writes:

> Hi Derek;                                                                                          
>                                                                                                    
>     So I established an Opening Balance of $1000 in the checking acct
>     of the Asset account as follows:
>     assets $1000                                                              
>         current assets $1000                                                  
>                checking acct $1000                                            
>     equity $1000                                                              
                     
I'm not sure what you're showing me here.  My guess is that you're
showing me a report, but that doesn't mean much; you could still have
entered the data improperly.  Perhaps you can just show a screen shot of
your checking account register?

>      conduct a payroll expense of $400 and get the following:

>      Assets $600                                                              
>           .                                                                   
>           checking acct $600                                                  
>      Expenses $400                                                            
                     
>     Equity $1000                                                              

Again, this doesn't help show how you are entering your data...

>     looking at the Equity statement, I get this:                              
>     ***************************************************************           
>                                                                               
>     Capital, 01/01/2013     $0.00                                             
>     Net loss for Period $400.00                                               
>     Investments for Period $2,800.00                                          
>     Withdrawals for Period $1,800.00                                          
>     Increase in capital     $600.00                                           
>     Capital, 12/31/2013     $600.00                                           
>     *******************************************************************       
>                                                                               
>     How did Investments and Withdrawals get these values?                     

I don't know -- I would need to see how you entered your data.  It looks
like all your data should be in your Checking Account, so if you just
post a screen shot of that register it should help clear things up.
Feel free to use a site like imagebin if you prefer.

>                                                                                                    
>     This is driving me crazy.                                                                      
>                                                                                                    
>        ...... thanks ....joe                                                                       
>

-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
       warlord at MIT.EDU                        PGP key available