bank entries

[Derek Atkins]

HI,

On Mon, November 27, 2017 3:51 pm, Christine wrote:
> Hello
> Thank you to Derek for getting me the formal accounts. I have set up my
> cash
> account but now I realise that I need an opening balance and it seems I
> cannot address this at this late stage. I managed to complete it for the
> bank. I have a cash equity account but I would like the cash to go to the
> opening balance instead. Can anyone guide me pls?

An O-B for an account is just a regular transaction between the account
and Equity:Opening Balances dated before anything else.  You can just
create that transaction by hand in the same way as you'd create your
grocery transaction.

>
> Christine

-derek

> -----Original Message-----
> From: Derek Atkins [mailto:warlord at MIT.EDU]
> Sent: 27 November 2017 19:51
> To: Christine via gnucash-user
> Cc: 'DaveC49'; Christine
> Subject: Re: bank entries
>
> Christine,
>
> Christine  via gnucash-user <gnucash-user at gnucash.org> writes:
>
>> Hi Dave
>> My accounts are Cash, Bank, Income, various expenses, and 2 people who
>> I pay money too and who pay to the bank.
>> IF I balance one of the accounts another goes wrong. All I want to do
>> is add my bank and my cash and let gnucash do the rest (ie an income
>> and expenditure report) but it is not working. Reading the literature
>> I just get confused as I am used to DR and CR.
>> Thanks anyway maybe I should look for an easier program if anyone
>> knows of one
>
> Let's take a simple example of a grocery expense; you go to Kroger and
> spend
> $25 from Cash.  To enter this in GnuCash you would open your Cash account
> register, put in the date, Kroger in the description, then
> Expenses:Groceries in the transfer column, and $25 in the Credit (or
> Spend,
> or Withdrawal) column.
>
> Most likely your problem is that you are opening up the Cash account and
> then putting the Cash account into the transfer account as well.
>
> I hope this helps?
>
>> Christine
>
>> Please remember to CC this list on all your replies.
>> You can do this by using Reply-To-List or Reply-All.
>
> -derek
>
> --
>        Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
>        Member, MIT Student Information Processing Board  (SIPB)
>        URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
>        warlord at MIT.EDU                        PGP key available
>
>
> ---
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-- 
       Derek Atkins                 617-623-3745
       derek at ihtfp.com             www.ihtfp.com
       Computer and Internet Security Consultant