Issues with an Opening Balance in GnuCash

Wm tcnw81 at tarrcity.demon.co.uk
Thu Jun 23 19:57:59 EDT 2016


On Wed, 22 Jun 2016 16:25:09 -0400, in gmane.comp.gnome.apps.gnucash.user,
Mike or Penny Novack <mpnovack at mtdata.com> wrote:

> On 6/22/2016 1:23 PM, 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.
> 
> An opening (negative) balance of $1,552,869.32 in WHAT ACCOUNT?
> 
> Look, you say you "uploaded" initial amounts. How? From what source? Was 
> the data you uploaded in balance? By "in balance" I mean Assets = 
> Liabilities + Equity

I'd guess the initial load wasn't from a double entry system so gnc
(sensibly) put the balance of the single entries into Equity:OpeningBals as
expected and the OP sort of noticed and decided it was an issue.

-- 
Wm



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