closing accounts and unreconciled transactions

[Jeff Abrahamson]

In moving my accounts to gnucash, I see that I have some unreconciled
accounts in my checking account.  To make it simple, suppose I have a
reconciled balance of 1000 € and there's just one unreconciled transaction:

    [credit: checking] 100 €  -->  [debit: expense:food]  (label: stuff)

Is the right way to represent this (so that future reconciliations make
sense) to set up the checking account with a balance (transfer to
equity) of 1100 € and a 100 € transfer back?

    [credit: equity] 1100 €   -->  [debit: checking]  (label: opening
    balance)
    [credit: checking] 100 €  -->  [debit: equity]  (label: stuff)

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Jeff Abrahamson
+33 6 24 40 01 57
+44 7920 594 255

http://p27.eu/jeff/