Missing equity:opening balances account?
allanhasmail at gmail.com
Sun May 3 09:32:51 EDT 2015
Thanks David. I'll take that as a "yes".
On 05/03/2015 08:13 AM, David Carlson wrote:
> On 5/3/2015 6:34 AM, Allan wrote:
>> I set up an empty new file, imported csv files to create my accounts,
>> and I didn't have any opening balance TX. Edit account on the checking
>> account didn't show the opening balance tab like New account did. So I
>> created an Equity:Opening Balances account eventually by creating a
>> new account with an opening balance in the tab.
>> Is that correct? The right way to create an opening balances account?
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> The right way to use GnuCash is the way that works for you. Having said
> that, it helps if you at least pretend to follow common accounting
> practice so you can show your work to an accountant and (s)he will
> understand what you are up to.
> In your case the answer is to try creating a new test account of the
> type you are interested in and switch to the opening balance tab while
> doing that. Actually, the opening balance tab is just a mini-wizard
> designed to help you get that opening balance transaction entered
> "correctly." I personally think that it should still be visible if you
> go back and try to edit an existing account, but the theory is that
> would cause more mistakes than it would fix.
> Anyway, once you have seen an opening balance transaction you can
> manually add a similar transaction to any account where you "forgot" to
> do it in the first place. I have used this technique often when I
> decided that I wanted more history in a particular account than I had
> initially entered. I just use the default "Equity:Opening Balances"
> account. Sometimes I even do that to "Offset for missing transactions"
> that I think I will fill in later.
> Have fun.
> avid C
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