Welcome to GNU Cash! When entering your opening balance, the counter entry
should be allocated to an Equity account. The basic template provides these
accounts, or you can create your own Equity accounts, possibly with multiple
accounts for clarity and reporting purposes. Additionally, it is important to
note that Quicken operates as a single-entry system, unlike the double-entry
system used in GNU Cash.
Saludos Cordiales
Murugan
________________________________
From: gnucash-user
<[email protected]> on behalf of
Jerry Criswell (JC) <[email protected]>
Sent: 30 December 2025 15:14
To: [email protected] <[email protected]>
Subject: [GNC] Setting Up A New System
I never got a transaction report to print, maybe because there were no
values in any account, but I believe I do not have any duplicate
accounts set up.
Now my concern is I intend to enter account balances from Quicken at the
end of the year. I am worried about when I plug in a balance, what is
my off setting entry? Or am I worried about nothing? If I remember,
when I set up Quicken (a hundred years ago) all I did was plug in the
balances and then everything was double entry after that.
JC
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