Expenses types show in Net worth?

[John Ralls]

On Apr 2, 2014, at 5:05 AM, Buggrit <jason at familybell.net> wrote:

> Hi there, 
> 
> I have just imported QIF files from MS Money, which seemed to go well until
> I looked at the accounts list in GnuCash, which now shows hundreds of
> accounts; all showing non-zero balances. The Net worth and profit figures on
> the status bar at the bottom, seem to be including these accounts. To be
> clear, the 'accounts' are mostly just expense categories from the old MS
> Money program and as such were a record of bills paid. i.e. they mostly had
> zero balances. In the accounts list the 'Totals' column shows them all
> having balances. see the attached Image...
> 
> Have I done something wrong with the import, or should I hide or even delete
> these seemingly pointless accounts?
> 
> <http://gnucash.1415818.n4.nabble.com/file/n4669697/54.png> 

No, you should read the Tutorial and Concept Guide. Those accounts reflect how double-entry accounting works: Each "category" of expense becomes an account.

Regards,
John Ralls