I guess that goes to Imbalance-USD, but then how does that balance out? Or is it that once all the amounts are correct, it will balance and the imbalance must revert to zero? How does that happen if some of the opening balances were non-zero out of thin air?
On Wed, Sep 22, 2021 at 4:21 PM Rogier F. van Vlissingen <vlisc...@gmail.com> wrote: > OH, thanks > > Yeah, I already proceeded, I filled in the opening balances where I could, > and am now starting to create the other accounts which did not exist in the > standard chart of accounts, but trying to go and edit "retained earnings" I > do not see how I can add the opening balance. > > it's not too many accounts in all, probably 25 total. > > So, if I create that opening balance as a transaction e.g. for retained > earnings, where does the balancing transaction go? I guess I am not God's > greatest gift to the bookkeeping profession ;-) > > > <http://rogierfentenervanvlissingen.me?promo=email_sig&utm_source=product&utm_medium=email_sig&utm_campaign=gmail_api&utm_content=thumb> > Rogier Fentener van Vlissingen <http://rogierfentenervanvlissingen.me> > > > <http://rogierfentenervanvlissingen.me?promo=email_sig&utm_source=product&utm_medium=email_sig&utm_campaign=gmail_api&utm_content=thumb> > > > On Wed, Sep 22, 2021 at 4:00 PM Stephen M. Butler < > stephen.m.butle...@gmail.com> wrote: > >> Roger, >> >> I found it easier to leave all the opening balances at zero while >> setting up the chart of accounts (COA). Then I create one massive >> opening transaction dated (in your case) 12/31/2019. >> >> That way, if I find I forgot one account, I can add it later then go >> back and adjust the opening transaction to include an entry for that new >> account (I know the purist will have nightmares and would prefer you add >> a new transaction). >> >> --Steve >> >> On 9/22/21 12:43 PM, Rogier F. van Vlissingen wrote: >> > I am struggling to move an existing business into gnucash. >> > >> > Have a closing trial balance @ year end 2019 >> > >> > In the setup screen I don't necessarily have all the accounts, so I >> imagine >> > I can set them up later, but some accounts that area available do not >> let >> > me put in an opening balance. >> > >> > E.g. "retained earnings" has a balance, but in the set up screen there >> is a >> > greyed out "zero" and I cannot set up the opening balance. Can I edit >> that >> > later? >> > >> > I tried this before, but was never able to figure it out. >> > >> > >> -- >> >> Stephen M Butler, PMP, PSM >> stephen.m.butle...@gmail.com >> kg...@arrl.net >> 253-350-0166 >> ------------------------------------------- >> GnuPG Fingerprint: 8A25 9726 D439 758D D846 E5D4 282A 5477 0385 81D8 >> >> _______________________________________________ >> 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. >> > _______________________________________________ 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.
