[GNC] Newby questions opening accounts

[Liz Dodd]

On Sat, 16 Jan 2021 00:53:38 -0500
"Peter S. Shenkin" <shenkin at gmail.com> wrote:

> 2. I wanted to keep Equity under Liabilities (only because the
> previous treasurer was doing this), but after I put it there (with
> the Opening Balances subaccount beneath it), GnuCash created a
> top-level Opening Balances account. When I delete it, it comes back.
> Is there a way I can use the schema with Equity under Liabilities?


Perhaps there is, but the difficulty you are finding suggests that this
may not be a good idea accounting wise.
Best advice is to see (or telephone) the accountant responsible for the
audit or other checks on the non-profit and set it up under their
guidance.

Liz