Imbalance account

Wm tcnw81 at tarrcity.demon.co.uk
Mon Jul 18 10:52:44 EDT 2016


On Sat, 16 Jul 2016 08:53:01 -0400, in gmane.comp.gnome.apps.gnucash.user,
Mike or Penny Novack <mpnovack at mtdata.com> wrote:



> The use of Imbalance allows the transaction to be entered and the matter 
> resolved later.  When I am preparing the quarterly reports, one of the 
> steps in the process is to make sure nothing LEFT in either Imbalance or 
> Orphan, in other words, nothing still needing resolution.

Students of accounting might find the combination of Imbalance and Orphan
accounts match a notional Suspense account which can occur quite ordinarily
at TB stage in any organisation.

I know you know this, Michael, I can't be bothered to work out which
persona the OP is using at the moment to tell him is all.  Plus it fits in
better as an addendum to what you were explaining.

-- 
Wm



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