[GNC] Account setupI

[Stephen M. Butler]

On 9/28/21 10:16 AM, Rogier F. van Vlissingen wrote:
> Thanks to everyone for helping out.
>
> What worked for me in the end was
>
>     1. to set up the COA first, without attempting any opening balances, and
>     then
>     2. to create a single transaction to set up the opening balances on
>     1/1/2020.
>
> As it was, I had an ending trial balance on 12/31/2020, but there were a
> few mistakes floating around, so in my setup, I made those corrections, and
> settled it against retained earnings, by making that the final line item in
> my opening transaction.
>
>
>     - One thing I was not able to figure out. If I do set up this way, and I
>     made a mistake in my initial g/l transaction is there a way to edit that
>     transaction, or am I doomed to simply start over and do it the right way?
>     - And since I made a false starts, I now have a couple of sets of books
>     that I want to get rid of, but I wasn't sure how to do it, other than just
>     deleting the file in the file system.
>
>
<<snip>>

Rogier,  (my apology for not spelling it correctly on my last reply)

I have been able to edit that transaction even years later as I recently 
found some additional items that should have been entered -- but 
weren't.  I know the purist will say that you should just create an 
additional transaction for that date with the adjustments.  I am not a 
purist!  This works for me.

Yes, I am able to add new lines to the original transaction, change 
existing amounts, even delete a line that turned out to be a duplicate.

You can always edit a transaction.  This is a nice thing.  This is a bad 
thing.  This will help get you out of trouble.  This will get you into 
trouble.  Beware!  Your books are only as good as you make them.

--Steve

-- 
Stephen M Butler, PMP, PSM
Stephen.M.Butler51 at gmail.com
kg7je at arrl.net
253-350-0166
-------------------------------------------
GnuPG Fingerprint:  8A25 9726 D439 758D D846 E5D4 282A 5477 0385 81D8