Issues with an Opening Balance in GnuCash

[John R. Sowden]

Re: Editing Opening Balances, I have seen this problem for decades with 
many acct packages.  I never enter opening balances.

I have learned to create a series of journal entries in the first month 
or month zero, with the balances that I am carrying forward from the 
previous fiscal period.  Needing to start a new accounting period 
usually is not an option. The rent must be paid on the first, period.  
So I set up my "beginning balances" journal entries, and when I do my 
closing entries, which affect assets/liabilities, for the prior period, 
I enter what I know, and I can go back and edit them later.

Hope this helps,
John



On 06/22/2016 10:23 AM, John Ralls wrote:
>> On Jun 22, 2016, at 9:58 AM, <fonnique at forpostprod.com> <fonnique at forpostprod.com> wrote:
>>
>> Good Day Alex,
>>   
>> I have an issue with the software not being able to change the opening balance in my balance sheet. Ever since I uploaded my data into GnuCash from 2014 the system generated an opening balance of $ (1,552,869.32) that has not changed in value. Is there any way to allow the system to properly account for this balance?
>>   
>> I look forward to your response.
> The response is: Don't write directly to developers unless *expressly invited to*. We have a support mailing list for this purpose. Your impertinence is made much more annoying by the fact that most of the people in your address list haven't been involved in GnuCash for years.
>
> I've copied the appropriate list for your convenience. You'll need to subscribe at https://lists.gnucash.org/mailman/listinfo/gnucash-user in order to reply.
>
> As to your question, huh? An opening balance shouldn't ever change: It's the state of your asset and liability accounts at the beginning of keeping your books in GnuCash. Why would you expect otherwise?
>
> Remember, subscribe to the list and copy the list on all replies.
>
> Regards,
> John Ralls
>
>
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