I am starting Gnucash in the beginning of the year. As I’m entering the beginning balance for each income and expense account, a transfer is being made to my Equity Opening Balance account.
For income beginning balance entries – credits income; debits Equity Opening Balance For expense beginning balance entries – debits expense, credits Equity Opening Balance The problem is my Equity is reduced by the amount of net income I made as of the beginning date, but should be increased. Should I be offsetting the beginning balances for income and expense to something other than Equity Opening Balance? That’s what I thought the instructions indicated I should do. Thanks for your help Sent from Mail for Windows 10 _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
