[GNC] Help!

[Michael or Penny Novack]

On 2/13/2025 5:45 PM, Stephen M. Butler wrote:
> I ignore the option to set the opening balance for each account. 
> Instead I create a single transaction that has a massive amount of 
> splits (one split for each account that needs an opening balance). 
> Highly unlikely that all the credits will equal all the debits so the 
> final split is to the Equity:Opening Balance account to make 
> everything "balance". 

Uh --- If you do this from the Balance Sheet of CLOSED books then the 
sum of the debits WILL equal the sum of the credits.

If you are entering from other data (not the balance sheet of a closed 
set of books) then yes, you may have some equity "left over". You could 
make that account just Equity

Michael D Novack