Assets double entry not working correctly

David Carlson david.carlson.417 at gmail.com
Fri Mar 21 01:07:29 EDT 2014


On 3/20/2014 1:49 PM, Dorothy Freeman wrote:
> I am going through the help tutorial.  I have entered checking opening
> balance $1000 with double entry to Equity opening balance, savings
> opening balance of $1000 with double entry to Equity opening balance,
> and credit card starting balance of $500 with double entry to equity
> opening balance.
>
> Problem:  equity balance registers the savings and checking balances
> as negative entries instead of positive entries.  The equity balance
> is ($2500.00) instead of the $1500 that it should be.  $2000 - $500 =
> $1500
>
> I have updated to the latest release without a change.
> tutorial link below
> http://www.gnucash.org/docs/v2.6/C/gnucash-guide/txns-puttoget1.html#txns-puttoget-open2
>
>
> thanks
> daf
>
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Read the part about the credit card being a liability again.  If you
reverse the signs on that entry you should get the results that you are
expecting.

Good Luck.

David C


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