I have never used the opening balances from the wizard. I setup the COA
and then enter one multi-split transaction to load all the balances as
the first transaction in the file. Looks like you would only have 8
splits (I have 30-50 in my initial transaction). Since the transaction
balances all is good.
Sorry I can't help with the Wizard.
--Steve
PS. This also let's me adjust the opening transaction later if I messed
up and missed an item or later decided to split an account retroactively.
On 12/30/21 14:07, Rogier F. van Vlissingen wrote:
in the 3.8 version I had:
My Opening balances transaction on 1/1/20 was
Debit
Credit
Assets: Current Assets Checking: $A
Assets: Current Assets Advance/Loan: $B
Equity: Opening Balances: $C
Equity: Retained Earnings: $D
Liabilities: Credit Card: $E
Liabilities: Officer Loan 1: $F
Liabilities: Officer Loan 2: $G
Liabilities: Officer Loan 3: $H
-----------------------------------------------
And it all balanced. That is just exactly how simple it is.
in 4.9 I have not been able to recreate anything similar. for when you edit
the accounts, you can enter the opening balance, but not for Retained
Earnings.
On Thu, Dec 30, 2021 at 4:54 PM Adrien Monteleone <
[email protected]> wrote:
There is nothing special about opening balances. They are just regular
transactions that the fresh start wizard makes for you.
You should be able to edit those transactions just like any other.
But I don't understand what the problem is. Even the Retained Earnings
account would have an 'opening balance' entry if you didn't start your
books at zero. Thus the Opening Balance account would very likely
include Retained Earnings. Why do you think it shouldn't?
Regards,
Adrien
On 12/30/21 6:01 AM, Rogier F. van Vlissingen wrote:
However, now I end up with another problem to which I have yet to
receive a
satisfactory solution. When setting up the opening balances, the retained
earnings is not allowing editing, so it ends up that the Opening Balance
account now holds the total of the actual opening balances plus an amount
that should be retained earnings. In 3.8 I was able to set this up
properly
with one opening transaction, but in 4.9 I have not found the way. I
posted
about it on the list, but so far no usable suggestions. Only another user
having the same problem.
I used gnucash years ago without a problem for some small project, but at
this point , I feel like I am in a total Catch-22. I don't trust 3.8
anymore and so far 4.9 is letting me down.
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--
Stephen M Butler, PMP, PSM
[email protected]
[email protected]
253-350-0166
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