[GNC] Starting the program with 6 months of data.

[D.]

It's called Equity: Opening Balances. 

This is covered in the Guide, as well as numerous threads in the list. 


-------- Original Message --------
From: Glenn Fowler <gfowler1 at outlook.com>
Sent: Tue Jun 22 16:43:47 EDT 2021
To: Howard Krawitz <howard at resultsdatasolutions.com>, GnuCash users group <gnucash-user at gnucash.org>
Subject: Re: [GNC] Starting the program with 6 months of data.

Since income and expenses are carried over, everything automatically
balanced out for my bank account which is under "Assets". I did have to
make one bogus entry not in my regular chart of accounts which was my
positive bank balance at the beginning of the year to start 2021.
There might be a better way though.

On Tue, Jun 22, 2021 at 4:29 PM Howard Krawitz <
howard at resultsdatasolutions.com> wrote:

> Hi Glenn,
>
>
>
> Thanks for the input. How did you handle the Balance in your bank account?
> Where do you put it. Etc.
>
>
>
> Thank again,
>
>
>
> Howard
>
>
>
> *From:* Glenn Fowler <gfowler1 at outlook.com>
> *Sent:* Tuesday, June 22, 2021 1:18 PM
> *To:* Howard Krawitz <howard at resultsdatasolutions.com>
> *Cc:* gnucash-user at gnucash.org
> *Subject:* Re: [GNC] Starting the program with 6 months of data.
>
>
>
> Hi Howard,
>
>
>
> I recently did the same thing. I didn't want to data entry months of
> transactions so what I did was put in one entry for each account from the
> previous system. For example:
>
>
>
>
> Description------------------------------Transfer----------------------Spend
>
> Transfer from previous system----Expenses:Marketing-------$100
>
> Transfer from previous system----Expenses:Travel------------$200
>
>
>
> That way year end will be correct in GnuCash. This is just one way to do
> it but I figured it would be the least disruptive.
>
>
>
> On Tue, Jun 22, 2021 at 3:22 PM Howard Krawitz <
> howard at resultsdatasolutions.com> wrote:
>
> I want to install the first 6 months of the year of transactions. I don't
> know the best way to accomplish that. For instance the starting balance in
> the bank account, invoices that have been paid, expenses that have been
> paid etc.
>
> If someone can help me it would be greatly appreciated.
>
> Thanks
>
> Howard Krawitz
> Resultsdatasolutions.com
> 818-203-5337
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