Hello,
I thought I saw something about this not too long ago, but cannot put my
finger on the thread.
I am using GC4.4 on Windows 10, and have been using GnuCash since 2005.
Basically, I recently purchased shares of a new stock, and I followed my
usual procedure in GnuCash: I created a new asset account of type Stock
for the new equity under my brokerage account (Assets:Brokerage:XXX
Stock). While creating the account, I used the new commodity option to
create the entry in the security database. Having done this, I then
opened the register and entered the buy transaction in the usual way.
All good to this point.
However, now I find a new account in the Equity hierarchy for the new
commodity: Equity: Opening Balances - XXX
This account is empty, so I can just delete it, BUT...
Why is this account getting created? I didn't set up an existing
holding, which might ostensibly have required an opening balances
transaction (but which I would not have done in this way anyhow). And I
didn't explicitly ask for a new equity account to be created.
Will I get Equity accounts created when I add other kinds of accounts?
I'll note that I also have a new Equity account for a mutual fund
account I added at the same time. But, what about Bank accounts?
Liabilities? And if not, why not?
And why am I only seeing this NOW? As I've said, I've used GnuCash for a
long long time, and none of the OTHER equities I've created over the
years (and there have been a LOT!) have generated these spurious Equity
accounts. So, why now?
Finally, Is there some way to NOT have GnuCash create these accounts
every time I create a new Stock or Mutual Fund Account?
Cheers,
David T.
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