Why opening balances are in Grand Total?

[George Shuklin]

Oh, sorry, my big mistake.

There was a hidden account with non-zero sum inside. My bad.


On 07/25/2016 05:39 PM, Buddha Buck wrote:
> You are saying that you believe your net assets should be €1.50?
>
>
> On Mon, Jul 25, 2016 at 8:47 AM George Shuklin 
> <george.shuklin at gmail.com <mailto:george.shuklin at gmail.com>> wrote:
>
>     On 07/25/2016 02:00 PM, Buddha Buck wrote:
>     > The screen shot you took seems to list "Net Assets: €3". Is this not
>     > what your total assets are? No value seems to be listed next to
>     "Grand
>     > Total".
>
>     Oh, I've got it. Grand Total is just empty. OK, then my question
>     is: why
>     'net asserts' counts opening balances twice?
>
>
>     >
>     > On Mon, Jul 25, 2016 at 6:00 AM George Shuklin
>     > <george.shuklin at gmail.com <mailto:george.shuklin at gmail.com>
>     <mailto:george.shuklin at gmail.com
>     <mailto:george.shuklin at gmail.com>>> wrote:
>     >
>     >     Yes, I understand this. Opening balance operations are listed
>     >     twice: in
>     >     'equities->Opening Balances' and in the corresponding
>     asserts account
>     >     (f.e. 'cash').
>     >
>     >     My question is: Why 'Grand total' sum both sides of such
>     transactions?
>     >
>     >     On 07/25/2016 11:04 AM, DaveC49 wrote:
>     >     > Hi George,
>     >     >
>     >     > Gnucash implements double entry bookkeeping. For every
>     >     transaction there are
>     >     > at least two accounts which are affected. for example if
>     you buy
>     >     a toaster
>     >     > at the appliance store, it will be recorded as a credit ( or
>     >     decrease in the
>     >     > balance) of the amount of the purchase in your Asset:Bank
>     >     account. The
>     >     > second half of the transaction will be a debit to an expense
>     >     account (i.e an
>     >     > increase in the balance) for the same amount, e.g.
>     Expense:Household
>     >     > Purchases.
>     >     >
>     >     > For more info see the Wikipedia entry on Double Entry
>     >     Bookkeeping, the
>     >     > Accounting Equation or an introductory text on Financial
>     >     accounting  and see
>     >     > the Gnucash documentation ( Tutorial and concepts Guide) on
>     >     splits, which is
>     >     > what the two (or more) parts of a transaction are referred
>     to in
>     >     Gnucash.
>     >     >
>     >     > You can normally access the components of a transaction by
>     >     opening one of
>     >     > the accounts affected then double clicking on an individual
>     >     transaction to
>     >     > open the split. Additional lines will open below the summary
>     >     line and these
>     >     > will display the accounts affected.
>     >     >
>     >     > Splits can involve more than two accounts, for example when
>     >     dealing with a
>     >     > GST or VAT or sales  tax which you may collect on behalf
>     of the
>     >     government.
>     >     >
>     >     >
>     >
>
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