Bob If an Imbalance account has a non-zero balance it will be because you have entered a transaction without a second entry affecting another account or in importing data you have not assigned an account to one of the second (or more) entries of a complete transaction, which are usually referred to as "splits" in GnuCash and the documantation. A transaction must have at least two entries a debit to one account and a credit to another account. It can have more than two entries in which case the sum of the debit entries must equal the sum of the credit entries for the transaction. Two or more entries often result from dealing with tax on purchases, things like discounts.
The Imbalance accounts exists purely to flag that there is a problem with a transaction and identify the transaction which has the problem (it appears in the Imbalance account). It sounds as though you may have created the opening balance entries in one or more of your Asset accounts without a corresponding entry to the Equity:Opening Balances account. David Cousens On Sat, 2025-02-08 at 14:15 -0600, bullish bob bagley via gnucash-user wrote: > /*New user to gnucash. Made TWO*/ mistakes setting up books! > > My opening balance is wrong. Both of these are different numbers. > 533,800.35 > > My imbalance-usd is wrong. They do no add up. so there is a > difference??????? 542.923.35 if you need live #'s to play with. > > If you hand delete these entries, my books are to the penny and just > fine. So, how do i eliminate the wrong entry for my opening balance > and > I have no idea how the imbalance-usd # came on the scene. > > Your suggestions will be greatly appreciated. Thank you....b³ > (again > everything else is fine except for these two erroneous beginning > entries > of setting up my first books in gnucash) > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
