I recently made a query here about the Gnucash "Close Books" facility. It was only about a week ago. The original poster might like to look at the responses, because they seem relevant here.
-P. On Thu, Apr 22, 2021 at 9:49 PM David Cousens <davidcous...@bigpond.com> wrote: > Hi Jose, > > The process of adding the opening balances in a new book for you asset and > liability accounts should create the value of the total equity from your > previous set of books in equity so your total equity should be correct and > it will be the sum of all the transactions to the Equity:Opening Balances > account at this point. > > You want to have the appropriate balances in the equity sub accounts > corresponding to the closing balances for those accounts in your previous > set of books. As the total of Equity should already match, you can only > achieve this by transferring the amount of the closing balance in the > previous book for a specific Equity sub account to that account from the > Equity:Opening Balances account in the new book. > > For example if when you closed your previous set of books the > Equity:Retained Earnings balance was a positive or credit balance of $1000 > you would have to create a transaction in your new books as follows > > Equity:Opening Balances Dr 1000 > Equity:Retained Earnings Cr 1000 > > to effect this transfer. (If the equity account had a negative or debit > balance, you would exchange the debits and credits). This will ensure you > will not double count your equity. > > I think from memory the opening balances tool in the new book setup will > not > allow you to enter these transactions between equity sub accounts and the > Equity: Opening Balances account. I am not sure of this though as I haven't > tested it. If it doesn't, then you will have to create the transactions as > above manually either in the Equity:Opening Balances register or in the > register for the equity account you for which you wish to set the initial > balance. > > David Cousens > > > > ----- > David Cousens > -- > Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html > _______________________________________________ > gnucash-user mailing list > gnucash-user@gnucash.org > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
