Everyone - just wanted to say thanks to each of you who took time to give me a welcome and suggestions. I hope to have time to experiment further this week…and I’ll touch base offline if needed. Since I was getting the digest version, I saw most of your responses at one shot. Have since switched to non-digest. Still getting used to the mail listserve. It’s been a minute since I was on one of these :)
Steve > > ------------------------------ > > Message: 2 > Date: Sat, 25 Sep 2021 21:59:34 -0400 > From: Steve Welch <steve.welc...@icloud.com> > To: gnucash-user@gnucash.org > Subject: [GNC] Newbie question > Message-ID: <39c16714-b7e2-47f1-a74f-e772a275f...@icloud.com> > Content-Type: text/plain; charset=utf-8 > > Hi! > > I?m just getting started with GnuCash and have imported my QIF file from > Moneydance. Excited to take it for a spin! > My question is regarding beginning (opening) account balances. Moneydance > has an opening balance field in the account setup window, but evidently that > field isn?t accessible in GnuCash unless setting up a new account. > The problem I seem to be having is that the beginning balances that had been > in Moneydance did not import into Gnu, so my accounts are off. > I am figuring I can manually enter an opening balance transaction for each > account but wanted to make sure I wasn?t missing a more elegant (or obvious) > solution. > > Thanks, > > Steve > > > ------------------------------ > > Message: 4 > Date: Sun, 26 Sep 2021 17:16:09 -0500 > From: "Fross, Michael" <mich...@fross.org> > To: Steve Welch <steve.welc...@icloud.com> > Cc: Gnucash-User <gnucash-user@gnucash.org> > Subject: Re: [GNC] Newbie question > Message-ID: > <CAMD2Dfsc6tNAn_1G5idZmbkMBZZcmSmvn6sRf=utrvfwscj...@mail.gmail.com> > Content-Type: text/plain; charset="UTF-8" > > Hello Steve. Welcome to GnuCash! > > While I'm not an expert, in my experience, an opening balance is just a > normal transaction. There are typically two splits. (1) is a deposit into > the account, and (2) is a withdrawal from the Equity:Opening Balances > account. Remember GnuCash used double entry accounting so the insert has > to match with a decrease elsewhere. > > Good luck. > > Michael > > On Sun, Sep 26, 2021 at 4:40 PM Steve Welch via gnucash-user < > gnucash-user@gnucash.org> wrote: > >> Hi! >> >> I?m just getting started with GnuCash and have imported my QIF file from >> Moneydance. Excited to take it for a spin! >> My question is regarding beginning (opening) account balances. Moneydance >> has an opening balance field in the account setup window, but evidently >> that field isn?t accessible in GnuCash unless setting up a new account. >> The problem I seem to be having is that the beginning balances that had >> been in Moneydance did not import into Gnu, so my accounts are off. >> I am figuring I can manually enter an opening balance transaction for each >> account but wanted to make sure I wasn?t missing a more elegant (or >> obvious) solution. >> >> Thanks, >> >> Steve >> _______________________________________________ >> 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. >> > > > > ------------------------------ > > Message: 7 > Date: Sun, 26 Sep 2021 18:43:21 -0400 > From: Jack Frillman <jcf_m_li...@me.com> > To: gnucash-user@gnucash.org > Subject: Re: [GNC] Newbie question > Message-ID: <00750681-ad41-122b-8c42-8e7488e30...@me.com> > Content-Type: text/plain; charset=utf-8; format=flowed > > Steve, > > I switched from Moneydance as you did about six months ago. The > conversion went fine for me except the account balances were off. To > correct for that I just went to each account that was off and entered an > opening balance, at the very beginning of the ledger, for the amount > that was it off by and then everything was fine and has been fine since > then. > > Hope that helps. > > If you have any question regarding switchin form Moneydace to GNUCash > you ask me directly if you wish since I have doe the same conversion. > > Jack > > On 9/25/21 9:59 PM, Steve Welch via gnucash-user wrote: >> Hi! >> >> I?m just getting started with GnuCash and have imported my QIF file from >> Moneydance. Excited to take it for a spin! >> My question is regarding beginning (opening) account balances. Moneydance >> has an opening balance field in the account setup window, but evidently that >> field isn?t accessible in GnuCash unless setting up a new account. >> The problem I seem to be having is that the beginning balances that had been >> in Moneydance did not import into Gnu, so my accounts are off. >> I am figuring I can manually enter an opening balance transaction for each >> account but wanted to make sure I wasn?t missing a more elegant (or obvious) >> solution. >> >> Thanks, >> >> Steve >> _______________________________________________ >> 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. > > -- > Old Unix programmers never die, they just mv to /dev/null > - Anonymous > > > > ------------------------------ > > Message: 8 > Date: Sun, 26 Sep 2021 18:24:59 -0500 > From: William Prescott <w...@theprescotts.com> > To: GnuCash Users <gnucash-user@gnucash.org> > Subject: Re: [GNC] Newbie question > Message-ID: <638b04a6-7379-49fd-8062-fc8af6227...@theprescotts.com> > Content-Type: text/plain; charset=utf-8 > > One quirk I noticed about opening balances is that that account seemed to be > locked. When setting up a new account you could set the opening balances, but > you couldn't change them later. I had to go into the account editor and > unlock the opening balances account. > > Will > > On 2021 Sep 26, at 09-26 17:43:21, Jack Frillman via gnucash-user > <gnucash-user@gnucash.org> wrote: > > Steve, > > I switched from Moneydance as you did about six months ago. The conversion > went fine for me except the account balances were off. To correct for that I > just went to each account that was off and entered an opening balance, at the > very beginning of the ledger, for the amount that was it off by and then > everything was fine and has been fine since then. > > Hope that helps. > > If you have any question regarding switchin form Moneydace to GNUCash you ask > me directly if you wish since I have doe the same conversion. > > Jack > > On 9/25/21 9:59 PM, Steve Welch via gnucash-user wrote: >> Hi! >> >> I?m just getting started with GnuCash and have imported my QIF file from >> Moneydance. Excited to take it for a spin! >> My question is regarding beginning (opening) account balances. Moneydance >> has an opening balance field in the account setup window, but evidently that >> field isn?t accessible in GnuCash unless setting up a new account. >> The problem I seem to be having is that the beginning balances that had been >> in Moneydance did not import into Gnu, so my accounts are off. >> I am figuring I can manually enter an opening balance transaction for each >> account but wanted to make sure I wasn?t missing a more elegant (or obvious) >> solution. >> >> Thanks, >> >> Steve >> _______________________________________________ >> 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. > > -- > Old Unix programmers never die, they just mv to /dev/null > - Anonymous > > _______________________________________________ > 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. > > > > ------------------------------ > > Message: 9 > Date: Sun, 26 Sep 2021 19:56:17 -0400 > From: Steve Welch <steve.welc...@icloud.com> > To: "Fross, Michael" <mich...@fross.org> > Cc: Gnucash-User <gnucash-user@gnucash.org> > Subject: Re: [GNC] Newbie question > Message-ID: <1f0c2ae5-2d9a-4fea-b1bc-733b59203...@icloud.com> > Content-Type: text/plain; charset=utf-8 > > Thanks Michael! Yep, makes total sense (I do accounting work as part of my > day job, so I understand double entry). I played around with making an > opening balance entry, but things are still way off. Sigh. Now I?m gonna > have to get creative and figure out what didn?t import correctly via QIF? > Such fun! > > Steve > >> On Sep 26, 2021, at 6:16 PM, Fross, Michael <mich...@fross.org> wrote: >> >> Hello Steve. Welcome to GnuCash! >> >> While I'm not an expert, in my experience, an opening balance is just a >> normal transaction. There are typically two splits. (1) is a deposit into >> the account, and (2) is a withdrawal from the Equity:Opening Balances >> account. Remember GnuCash used double entry accounting so the insert has to >> match with a decrease elsewhere. >> >> Good luck. >> >> Michael >> >> On Sun, Sep 26, 2021 at 4:40 PM Steve Welch via gnucash-user >> <gnucash-user@gnucash.org <mailto:gnucash-user@gnucash.org>> wrote: >> Hi! >> >> I?m just getting started with GnuCash and have imported my QIF file from >> Moneydance. Excited to take it for a spin! >> My question is regarding beginning (opening) account balances. Moneydance >> has an opening balance field in the account setup window, but evidently that >> field isn?t accessible in GnuCash unless setting up a new account. >> The problem I seem to be having is that the beginning balances that had been >> in Moneydance did not import into Gnu, so my accounts are off. >> I am figuring I can manually enter an opening balance transaction for each >> account but wanted to make sure I wasn?t missing a more elegant (or obvious) >> solution. >> >> Thanks, >> >> Steve >> _______________________________________________ >> gnucash-user mailing list >> gnucash-user@gnucash.org <mailto:gnucash-user@gnucash.org> >> To update your subscription preferences or to unsubscribe: >> https://lists.gnucash.org/mailman/listinfo/gnucash-user >> <https://lists.gnucash.org/mailman/listinfo/gnucash-user> >> If you are using Nabble or Gmane, please see >> https://wiki.gnucash.org/wiki/Mailing_Lists >> <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. > > > > ------------------------------ > > Subject: Digest Footer > > _______________________________________________ > > 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. > > > ------------------------------ > > End of gnucash-user Digest, Vol 222, Issue 40 > ********************************************* _______________________________________________ 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.
