[GNC] Book setup

[Rogier F. van Vlissingen]

Correction to prior question:

The opening balance equity is of course merely an accumulator account that
would allow me a cross-check to verify the correctness of the setup of
these books.
What really causes the Catch22 is the fact that the way the initial
configuration of the accounts comes out, it allows only a zero balance for
retained earnings, which is true only if this were the 1st year of
operations, not the 10th year, as is the case here. Ergo, maybe the answer
should be to delete the Retained Earnings account and set up a new one, for
at that time, it should be possible to create a non-zero starting balance.




On Mon, Apr 12, 2021 at 1:37 AM Rogier F. van Vlissingen <vliscony at gmail.com>
wrote:

> I am having to setup the books for a corporation, starting 2020 in GnuCash.
> I have used it years ago, but now I am having a challenge.
>
> Specifically, this is about the opening balances on 1/1/20, carried over
> from the final books as of 12/31/19.
>
> There is an opening balance equity, but it is computed, and I need to
> carry over the existing amount.
> Same thing, for Retained Earnings, it is not letting me enter an opening
> balance.
>
> Further, I notice that I cannot control the date of my opening balances on
> the accounts I set up at the outset. Could I have prevented that, or do I
> just need to edit them manually?
>
>
>
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