IMBALANCE AND ORPHAN ACCOUNT

[Dave H]

Anne,

Can I suggest you bookmark the GnuCash FAQ,  Help and Tutorial Guides below.

http://wiki.gnucash.org/wiki/FAQ
http://gnucash.org/viewdoc.phtml?doc=help
http://gnucash.org/viewdoc.phtml?doc=guide

In the case of Account starting balances you can use the Equity:Opening
Balance as suggested in the online HELP - "Equity accounts are used to
store the opening balances when you first start using *GnuCash* or start a
new accounting period."  Section 5.1 of the Onlne HELP has an explanation
of the various types of accounts in GnuCash.

Reconciliation won't be an issue as you will presumably be reconciling your
bank accounts against a bank statment and not the Equity account.

Cheers Dave H.


On 22 April 2016 at 22:37, Anne Okonkwo <anne.okonkwo at thehordinc.com> wrote:

> Hello, am Anne
>
> Please I need to understand why every time I open my balance sheet report I
> see "Imbalance and Orphan account". I figured these are balances of
> accounts that have no double entry.
>
> I clearly understand that opening balance brought forward from a previous
> year doesn't have a double entry. Example Bank opening balance brought
> forward from previous year, accruals, prepayment, account receivables etc.
> and other balance sheet items.
>
> My question now, how do I enter these figures without having imbalance or
> orphan account.
>
> Next question is what happens when I reconcile accounts?
>
> Will be glad if I get a quick and effective response to my questions.
>
> Thank you
>
>
> With warm regards,
>
>
>
> *Anne Temitope OKONKWO*
> THE HORD INC. LIMITED| www. <http://www.aiesecnigeria.org/>thehordinc.com
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