Hello Steve. Welcome to GnuCash! While I'm not an expert, in my experience, an opening balance is just a normal transaction. There are typically two splits. (1) is a deposit into the account, and (2) is a withdrawal from the Equity:Opening Balances account. Remember GnuCash used double entry accounting so the insert has to match with a decrease elsewhere.
Good luck. Michael On Sun, Sep 26, 2021 at 4:40 PM Steve Welch via gnucash-user < gnucash-user@gnucash.org> wrote: > Hi! > > I’m just getting started with GnuCash and have imported my QIF file from > Moneydance. Excited to take it for a spin! > My question is regarding beginning (opening) account balances. Moneydance > has an opening balance field in the account setup window, but evidently > that field isn’t accessible in GnuCash unless setting up a new account. > The problem I seem to be having is that the beginning balances that had > been in Moneydance did not import into Gnu, so my accounts are off. > I am figuring I can manually enter an opening balance transaction for each > account but wanted to make sure I wasn’t missing a more elegant (or > obvious) solution. > > Thanks, > > Steve > _______________________________________________ > 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.