Re: New to GnuCash and more...

[Richard Wackerbarth]

On Fri, 23 Jun 2000, Rob Walker wrote:

> Bill> This is basically like a Quicken
> Bill> category; as you get more paychecks, the balance of the account
> Bill> will increase and you can see the total of your salary income.
>
> Isn't there a "magic" account which keeps getting bigger and bigger,
> like "equity" or something like that?

That all depends on your expenses. For some people, it gets smaller and 
smaller. :-)

Actually, income and expenses get "closed" at the end of the accounting 
period by transferring their balance to the equity accounts. Some programs 
continuously do this "virtually" as of the present time.

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