On May 1, 5:54 pm, Derek Mahar <[email protected]> wrote: > How do you specify an opening balance for an income or expense > account?
The specific case that I'm considering is how to specify the account opening balances as a result of a loan to a friend after that friend has already made one or more payments, each of which includes both interest and principal. For example, suppose that in January of this year I loaned $500 to a friend and since then, my friend has already repaid $200 plus $10 in interest. How do I specify the opening balance transaction on May 1 so that I take both the principal and interest payments into account? Derek
