On 3/28/2022 4:26 PM, arthur brogard via gnucash-user wrote:
That's brilliant, David. Thank you.
I'll get to it, see how I go. Main hassle might be undoing what I've already
done.
Perhaps we can make copies of a set of books and play with the copy until
satisfied?
regards,
d
Absolutely -- gnucash will let you have any number of books, and one of
the things I would advise is having one set "test". I would especially
advise this if new to double entry bookkeeping as well as new to
gnucash. That gives you a place to experiment with features and
procedures without endangering your "production" data.
Back to your original question, how to enter an existing periodic loan
(especially one like a mortgage which perhaps has an associated escrow
account). hat do you have as data? You probably want to begin with a
statement from the lender showing you what the balances are at some
point in time.
If instead of using the "opening balance" feature you created the
accounts with zero balance you would enter this information with a
"starting transaction" (and being a transaction you could include
descriptive information like "from statement xx/xx/xxxx"
Michael D Novack
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