[GNC] New GnuCash file and importing Chart of Accounts

[Michael or Penny Novack]

> 5. Enter a transaction to make all the starting balances in the new file
> match the ending balances from the old file, referring to the report you
> saved in step 1.

Yes, you could use a single, massive transaction split on both the debit 
and credit side. Or you could use two massive transactions, one spit on 
the debit side and one on the credit side.

But there is nothing wrong with taking the easy way and entering one 
transaction for each account in the balance sheet (each account of type 
asset or liability). The other side of each of these would be an account 
under equity (you could give it a name like ":equity at start of year). 
. When you have entered transactions for every non-zero asset of 
liability account, the balance of this account should match the equity 
on the Balance Sheet you were working form.


Michael D Novack