[GNC] Book setup
David Cousens
davidcousens at bigpond.com
Mon Apr 12 06:37:04 EDT 2021
You should only have to carry forward the Assets and Liabilities and create
the opening balances for them. This will create the corresponding entries in
Equity in the form of the Opening Balances
The items in Equity which previously appeared in Retained Earnings etc will
now be included in the Equity:OpeningBalances account.
If you specifically want to include the Retained earnings balance and other
previous balances in Equity you could create them with a transfer
transaction like
Equity:OpeningBalances Dr xxxx
Equity:Retained Earnings Cr xxxx
where xxxx is the balance carried forward from your previous books with
similar transactions to create the carry forward balances for other equity
accounts. Annottae the description field to indicate these are balances
carried forward and a reference to the previous books.
David Cousens
You can edit the opening balance transactions and change the date to an
appropriate date
-----
David Cousens
--
Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html
More information about the gnucash-user
mailing list