Hi Brian, and welcome to the GnuCash world.
The recommended practice is to create an Equity::Opening Balances
account and use that as the contra-account for all your opening balance
entries. It won't be a problem doing this after you have started
entering other transactions, just choose an appropriate date.
Further details here:
https://cvs.gnucash.org/docs/C/gnucash-guide/txns-puttoget1.html
Regards
Geoff
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On 22/12/2020 3:43 am, Brian Gardner wrote:
I have just had the system installed for me and I have managed to get all the
accounts that I have used in my financial statements into the file.
Unfortunately I read about the installing of opening balances after I had done
everything thinking that I could add the opening balances to the accounts after
they were all in place. I now have two asset accounts, four current asset
accounts, two equity accounts, and three liability accounts in place but I have
not yet found out how I can enter the opening balances into those accounts.
Please let me know what I need to do.
Thank you.
Sincerely
Brian Gardner
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