Income increase is shown as unbalanced, what to do?

David Carlson david.carlson.417 at gmail.com
Mon Sep 30 21:20:32 EDT 2013


On 9/30/2013 7:43 AM, Lake wrote:
> Hello, everybody
> I'm trying to enter eBay sales in GnuCash, and there is something that I'm
> missing. 
>
> Sales are processed by Paypal, so
> 1. In PayPal account (Assets): in the left column entered amount A, in the
> right column entered the same amount A to related account Sales (Income)
>
> 2. In Income, Sales account, this amount shows in the right column as
> increase, it's good, but the summary columns (the right-most one) is glowing
> red, negative amounts and imbalance.
>
> I did the search, found nothing related. Any help on what can be done to
> correct this?
> Thank you.
>
>
>
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I do not understand your problem.  Income does not add up to zero.  If
you were talking about salary, you would see it increasing with each
paycheck.  Expenses do not add up zero either.  Individual transactions
do add up to zero in double entry bookkeeping, because the income is
offset by an increase in an asset, for example. (Notice that it appears
that both are increasing because income is actually negative but we
usually change the sign to make it look better.  You will see red in the
income account depending on how you have your preferences set under
Edit>Preferences>Accounts>Reverse Balanced Accounts.

This is explained in detail in chapter 3 of the tutorial.

David C


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