[GNC] Help - entering opening balances

Peter West lists at pbw.id.au
Tue Sep 8 09:01:29 EDT 2020


Hi Chris,

Don’t create accounts under Equity. Create your savings and current account under Assets. Then enter your opening balances as Stan Brown describes.

Peter
--
Peter West
pbw at pbw.id.au
“Stretch out your hand.” And he did so, and his hand was restored. But they were filled with fury…

> On 8 Sep 2020, at 10:52 pm, Chris Green <cl at isbd.net> wrote:
> 
> I am at the stage of lots of rude words at the moment! :-)
> 
> I am just starting to try and set up GnuCash for the PCC accounts and
> I've fallen at the first hurdle.  I can't work out how to enter
> opening balances for the two accounts we have - a current account and
> a savings account (which is basically the building fund).
> 
> I have to say at present the help system is worse than useless, maybe
> I'll get used to it later but it really doesn't help at all at this
> beginner level.
> 
> A search for 'opening balance' in the Tutorial and Concepts Guide
> always takes me back to the top level whereas I want to search within
> a section.  HOw do I search for 'opening balance' in the Managing
> Business Finances section?
> 
> So, ignoring the help system, how do I enter an Opening Balance?
> There's a section in accounts under 'Equity' for opening balances and
> I tried creating two accounts under that and entering balances but the
> result made no sense at all to me.  Having entered an opening balance
> I'd expect the balance sheet to show me that amount but GnuCash just
> did a decrease and a balancing increase in the Equity account which
> doesn't really make much sense.
> 
> 
> -- 
> Chris Green
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