[GNC] Newby questions opening accounts

Peter S. Shenkin shenkin at gmail.com
Sat Jan 16 10:01:35 EST 2021


First, to all who responded, Thank you. Summary follows:

Q1: (Adding Opening Balances after setting up the account) Yes, using
transactions is the obvious solution. Clearly, I am an accounting newby as
well as a Gnucash newby.

Q2: (Whether I can keep Equities under Liabilities) I was told by the
previous treasurer (who is a finance guy) that this is the accepted
International (as opposed to GAAP) practice. Perhaps I misunderstood, but
I'm reverting back to keeping Equity separate, because that is what Gnucash
likes.

Q3: (How to order my accounts in my favored arbitrary order) It appears
that numbering them and then ordering by number is the only way.

On Sat, Jan 16, 2021 at 3:33 AM David Cousens <davidcousens at bigpond.com>
wrote:

> Peter,
> Just one other point. the numbering of the top level accounts will also
> affect the order in which they appear in reports. I may have given the
> impression that this wasn't the case in my first post.
>
> David Cousens
>
>
>
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> David Cousens
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